Is The US Dollar Index Bottoming?

It’s possible that the US Dollar Index is double bottoming here at these levels. It made a strong move from these levels a while ago. A reversal in the US Dollar Index would have implications for both stocks and commodities. This indicator is a key one to watch over the next several days. A rally higher in the US Dollar would reverse oil and stocks. It would also provide some needed footing for a weakened bond market.