Dollar Index Update

Today I was looking at Dollar Index and with the price action from the last couple of days, it's quite a bit to take in. We have a move down below that major support of 77.00 level with some Divergence from CCI on the move down which would have suggested a quick pop back up above that support level we broke, which we did get. The pop up was both quick and fierce, but significantly less volume on the pop up, then the break below, which is more apparent when we look at the ACC/DIST indicator which some of you might know I'm a huge fan of. Despite price action coming back above that 77.00 level (old support = new resistance) it almost seemed like we just had a false break of support and a quick pop back up. However, to keep an eye on the big picture using the ACC/DIST indicator, we see that we're still significantly below prior support level that we broke despite price telling us otherwise. I'm expecting this to move up towards at least the 50 day MA, which corresponds with a HVN at the 78.00 area to bring in more sellers for another wave down.