Chip,

In interpreting how the charts are "reading" the minds of investors, my view is that a 74 print would represent thoughts of the Fed being done with rate cuts and the next move would be a hike. This would stand consistent with the Fed slashing rates and seeing the dollar plunge, so why would that relationship change now?

This a very simplistic view I realize and a lot depends on the ECB. But that's how I see it.