Market sentiment seems awfully long dollars atm with some divergence on momentum indicators. Distinct possibility of a bull
squeeze into the 76-77 area taking out stops (check out 1998) before resuming the trend to the upside @ 100 and the . 618 retracement
100 represents fair value in the index IMO
. If stocks start coming off over the next couple of weeks/months (certainly looks like it) then we could see accelerated dollar buying.
Small shorts at play into 76/77 but prefer buying the dips.