Iran conflict latest: Trump pauses Iran energy plant strikes by 10 days
US Dollar Index is experiencing a very strong decline, a move we have been warning about for weeks. Since the start of the year, we have discussed potential dollar weakness, which is now in full force. One key reason for this sharp drop this week are the tariffs and some of the delays announced by Trump yesterday. This weakness could persist, especially as US stock indexes approach some critical support levels.
Looking at the intraday wave structure on DXY, the decline remains sharp without overlaps, confirming the downtrend, therefore, any bounce from here will likely be just another correction within the broader downtrend.
If a recovery occurs, will be just another wave four within downtrend.
At the same time we see S&P 500moving to supports of wave four while we have some interesting spike on VIX and volume that can mark the end of a correction soon. 
