Are the $SPX and the $NDX looking top-heavy?

We have the Dollar Index ($DXY) bouncing, having come off oversold levels. This is likely just a short-term relief rally with a potential target of $104 to $104.50. 

DXY 1D

However, an increasing DXY is bearish for risk assets, meaning the $SPX and $NDX may retrace slightly, particularly when looking at both they have large unfilled gaps whilst also coming off overbought territory.

SPX 1D

NDX 1D

This would also likely have a negative impact on Bitcoin in the short term. However, Bitcoin has several very bullish narratives that may help keep it afloat at these higher prices. 

BTC 1D