So in general we see the same short term moves upward but how far is where we differ. My count supposes that the dollar will actually break above its 2001 high in some kind of 5th wave Cycle (I don't have access to extreme long term counts here) or other such count. He just shows an ABC correction up.
I like my count for several reasons. One, the dual channels seem to spell ABC rather than 1 -5 down. Also [C] is almost .618 times [A]. I also tend to think the dollar low ended in a truncated mess. And his Primary 1 and 2 look very small and out of proportion to the rest of the structure the way it is labeled. For being such a large waveform, I think it is a key point.
However, I do see the [B] wave as an expanded flat. One can almost make a running contracting triangle out of the move, but it doesn't quite count within EW rules.
One other thing I don't think the dollar will necessarily turn exactly when the SPX turns. It is also hard to see when the exact bottoms on the dollar will occur in what I have as a wave (2) low.
I think, more than ever, we should be seeing extreme bearish news on the dollar before a turn back up. So far, I generally don't see the "extreme" media stories proclaiming the dollar's doom. Sure they are there, but I'm looking for more downside. Indeed this last wave [v] move down could challenge very low. But regardless, I do see big move back upwards in a powerful wave (3) rally. It doesn't have to time perfectly with SPX primary 3 down. It could for instance, rally up to a sub wave 1 and then retrace in a 2nd wave sub move just when the SPX is peaking on a P2 top.
Anyways that's my general thoughts on that at the moment.
PS - I don't really pay attention to what EWI has as a $ count. This chart I just made up tonight completely on my own. It seemed easy enough to count and the chart generally took less than 30 minutes to complete.
PSS - There is a great positive divergence on the RSI. So indeed it may turn back up hard soon enough. Its hard to say exactly how the micro waves wil trace over the next month. But make no mistake, I think this chart portends the dollar will make great advances upward contrary to what most people assume.