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The Dollar broke from a bullish falling wedge of late. Shared this Dollar action was about to take place, before it did (see post here) , creating numerous challenges for stocks and commodities. The rally in the Dollar has taken it up to falling resistance and the fib 23% level at (1). A natural place for the Dollar to take a breather.
If the Dollar does take a breather, one could see the NYSE catch a little bounce due to the support at (2).
Key strategy … be aware/positioned for the ripple effects if the Dollar blasts above the resistance at (1)! A further advancement in the Dollar increases the odds the NYSE will break support!