Today the dollar got smacked around, which helped the market rally again. One of my indicators to start scaling out of longs and possibly shorting was for the USD to get below 83.40. It did that and then some /DX had a low of 79.99, and the market rallied accordingly.
The USD broke through its 200 EMA today. Bearish! It also broke a trendline that was holding. December. Now before you start shorting the dollar, notice that MACD has not made new lows and CCI as well has not made a new low. There is support at high 81's and high 80's. If the dollar is able to find support soon, it coule be the impetus to stop this rally.
