AgentSmith
Long

Bull squeeze on the cards?

INDEX:DXY   U.S. Dollar Index
153 0 2
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.
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