David Fuller's view The US Dollar Index (historic monthly, weekly & daily) fell steadily from January through April to test its 2008 trough, which was also the all-time low. It found good support in that region, rebounding with a weekly key reversal earlier this month. Following a rally to lateral trading near 76 - the proximity of the October-November 2010 lows - a brief consolidation occurred before today's resumption of the recovery. A close beneath 75 would now be required to question current scope for an additional rally in response to the prior oversold condition.

The Asian Dollar Index (weekly & daily) saw another downward dynamic today, reaffirming scope for additional mean reversion towards the medium-term trend approximated by the rising 200-day moving average. A close above 118.50 would be required to question this hypothesis.

China's Shanghai A-Shares Index (weekly & daily) broke beneath recent support near 3000 and also the upward sloping MA today, falling sharply in the process. A close back above 3040 is now required to indicate a downside failure and offset scope for an additional decline towards the January low near 2800.

Indonesia (weekly & daily) followed Friday's new all-time high with a downward dynamic today, challenging lateral trading near 3800. This suggests scope for some additional sideways to lower ranging in an additional phase of mean reversion towards the rising MA over the near term.

The USA's S&P 500 Index (weekly & daily) has not maintained last month's push above the February high and a close above 1350 is now the minimum required to question current scope for additional sideways to lower ranging in an additional phase of mean reversion towards the rising MA.