Slightly modified short-term chart for the USD. The USD/SPX correlation has been slightly positive recently but we should be back to "normal" very shortly. A brief healthy pullback in the USD before heading higher would be healthy for the notion of a new trend change in USD. The USD's next low should hopefully be around 76 and hopefully we won't make a lower low if the USD is to be in a new up trend. This next breather that USD may take may very well mark the SPX top as our correlation returns to what we've been used to. I have also gone long oil via USO calls.
What I think is plausible for the end of the year.
