The SPX is a DXY story
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According to the DXY chart, it seems that the DXY bubble has already burst. Although cash is currently being touted as King, if you've been holding cash since September 22, your money has actually lost value while the stock market has been rising. If this chart had been that of the SPX, short sellers would agree that it looks like a bubble that has burst and is now heading back to reality. I expect a pull back in stocks and crypto which would mean a bounce in the DXY but it would be a dead cat bounce for the DXY.
This is not a financial advice.
This is not a financial advice.
Nota
Ignore the noise and follow the data 
Nota
like clock work
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