Channel Guy Trader:Dollar weighing on the markets!!

The dollar is weighing on the markets and it looks like the bull flag may be playing out on the /DX dollar futures chart. We have rallied a lot overnight, so lets see if they want to knock the dollar down a little on market open and run the markets up a bit. We will see, but obviously with the Ireland situation, watching the inverse correlation with the markets and the Dollar futures will be key.