US DOLLAR TECHNICAL ANALYSIS – Prices issued their strongest close in five years, with prices seemingly poised to continue marching higher. A daily close above the 38.2% Fibonacci expansion at 11457 exposes the 50% level at 11511. Alternatively, a reversal below the 23.6% Fib at 11391 clears the way for a test of the 14.6% expansion at 11350. S&P 500 TECHNICAL ANALYSIS – Prices corrected higher after producing the largest drawdown since mid-October. A break above channel floor support-turned-resistance at 2071.10 exposes the November 26 high at 2075.90, followed by the 14.6% Fibonacci expansion at 2086.60. ... (full story)