The US dollar index is starting to grind the breakout point above the March high. A bull trap, even if temporary before higher levels, could rhyme well with a stock market seasonal rally from support. SPX finally ticked the top of the support area today at 4189. It could ease lower into it, but the point of this update is that a seasonal market rally, temporary though I think it would be prior to a bear market, could happen in tandem with a decent pullback in USD.
