More Dollar Weakness

I thought I'd post a Cloud chart of the Dollar index.This looks very bearish right here.It's probably why Gold and crude oil caught some nice bids. Also the Dow's weakness persists and it needs to catch a bid to head up to a small sub-wave iii as with the SPX and the Composite.

daily  usd

                                                                                                                                                                   

  As you can see the price is resting on the support shelf with the Dow ,as  the S&P is  being supported by the 26 bar (conversion) line.

The NASDAQ Composite is on a mission to reach it's wave III's. First is a sub-wave iii followed by a larger
wave III. It will sort of look like the Dow's structure now. If I didn't know better the DOW has the "LOOK"
of an wave three and it could be  that it meanders around until the Composite hits it's target, but wave count says that not a given probability.

Charts Courtesy of Stockcharts .com