Attached is a chart of the US Dollar Index.
A close today above 80.205 would be a significant bullish signal
and suggest an initial move up to 81.25.
If by the end of
today this scenario appears likely, it points toward a deeper
and more prolonged equity correction, as the two go hand in
hand. As the day progresses, it should become clearer as to
which currencies will suffer the most. At that time we will
provide some thoughts as to directional strategies..