USD INDEX: THE TREND IS CLEARLY TO THE DOWN SIDE

The USD Index established a short-term bottom on September 14 (At the same time that SPX established a short term top)
The following rebound is unquestionably corrective.
We have a bearish cross of the 50d & 200d MA.
If price is able to extend the bounce towards the 200 d MA then we could have a huge H & S pattern with a potential target at 73.20
Regardless of the H&S project once the current bounce is over I expect the resumption of the down trend which will coincide with the resumption of the intermediate up trend for SPX.