DXY Update - Possible Paths & Market Effects

Quick update on DXY daily chart and how its direction may affect the vast majority of tradeable stocks, crypto, and forex vs usd across markets.

DXY is long-term long, but I think there are two possible paths. The chart above shows a rough example of what those might look like, but I think one of the following will occur:

• ]It's possible we see a re-test of the area around 103 before moving up to higher targets. Should that occur, we could see a rally lasting anywhere from weeks to 3-9 months, depending on how quickly it occurs and recovers.
  
• Presently signs are still pointing to a continued rise up to TP 1 and 2 (much higher if you zoom out and look at the 3 monthly chart, which has a falling wedge with a TP 1 reaching 1984's ATH). If continuation of the bullish move is our path forward, markets will likely continue down; with brief periods of lesser recovery in between moves. The momentum that has been building could lead to a much faster & parabolic move up, as opposed to the drawn-out example shown on the chart above.
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  This is an update on several related charts, which are linked below:
  
  1.) DXY vs. SPX - showing inverse correlation between peaks and troughs:
  
  
  
  
  2.) DXY - indicates that its present move is part of a much larger move:
  
  
  
  
  3.) DXY - 3 month chart falling wedge wanting 1984 ATH:
  
  
  

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Update 11/04/2022 - daily shows a failed breakout attempt. This could be an early indication of a possible downturn and re-test of 103. Let's continue to watch how this plays out over the next days / weeks:

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Update - weekly chart -- we are below 103, paths updated to reflect possibilities here, direction seems to have shifted down, with the cross below 103, and a bear cross of the 50/200 EMA