The US dollar index continues to closely follow the structure and momentum profile of its last secular low.
The comparative analog and current momentum signatures over the short-term, favor a strengthening dollar with an initial ST target of ~82.5.
Of course a large difference today - compared to the mid 1990's - is the inverse correlation the US dollar and the SPX exhibit over an extended time frame.
As traders have fought an outgoing momentum tide, the equity markets continue to recoiled further from a coincident rejection of the weekly meridians. Should the dollar continue to strengthen over the short-term - the SPX will likely continue to wilt and find support ~1375.