While I noted last week the U.S. stock market could work higher in the near term, I also said the terminally ill U.S. Dollar (remember the only party that doesn’t know the U.S.Dollar is dead is the U.S. Dollar) was breaking down technically and going to test key support around 80.

It’s dipped below some near term support at 81 but 80 is “the” major technical and psychological support number.