DXY – NYBOT Dollar Index (Last:106.95)

The Dollar Index is stealing up on a key Hidden Pivot resistance at 107.36 that is associated with a D target at 109.30. The pattern is clear and compelling, so we could be confident its target will be reached if buyers push past p with ease. That is what I expect, and it would have negative implications for gold, as mentioned in my update for the February Comex contract.  Shorts at p and D can be attempted nonetheless, using any vehicle of your choosing that corresponds directly or inversely with the dollar.