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US Dollar Index new top?

In the last decade, top for US Dollar Index is 120. However in the last few years, US Dollar Index fails to break 90 in 2005, 2009 and 2010. See US Dollar Index chart below.
US Dollar Index - long term chart

$SPX - Time to short?

While the world is going to enjoy 2010 World Cup Final between Spain and Netherlands, mode of global investors may be spoilt by possibly next more than 10% correction. Main reason for the short term bearishness is weak rebound in lower volume. The risk of major downturn will be greater when $SPX cannot hold 1000 level. Next major support for $SPX is 800

$SPX medium term

$SPX long term

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$SPX - Are we ready for more than 10% correction?

Conclusion : We need second failure to breach 1250 and failure to hold 1050 for $SPX before we can confirm the next move is a more than a 10% correction/adjustment.

$SPX
$SPX upslope is weaker, but it is still in cyclical uptrend.

$CPC:$SPX
Pros are getting more bearish but it is not enough to predict a major downturn like March 2008