This guy said his theory called for the dollar to bottom on May 27th. It went down another 2% in the next week, not that he wasn't fairly close.
Look at a chart of TIP and UUP. Tip's support is UUP's resistance and vice versa. TIP failed to break out on its second attempt above its 300 day moving average which has served as steady resistance. It may now go back and test 150 day support which is resistance for UUP on the 2 and 5 year chart at about 24.75. If TIP falls through 150 and UUP goes above 24.75 on convincing volume I might get a little nervous, otherwise I don't think the strong dollar story is anything more than irrational exuberance over green shoots and interest rate hikes, neither of which are likely to materialize anytime soon in my opinion.