[Update 12PM: Interesting NDX chart. Backtesting in a rising wedge manner and just a bit more than 62% retrace. We'll see what pans out.
Dollar could be forming a bull flag. To recap my long term outlook on the dollar, the call is to head back toward levels not seen since the peak of the 1980's.
Thus, the proposition is that it has been in a basing process since the low in 2008.