CNBC's Jim Cramer credited the fall in the U.S. dollar with helping stocks close higher on Tuesday.
Today, at least, the dollar rally took a break, which means the bears took a break, too.
The dollar's strength has hurt companies that perform business overseas, since their balance sheets are subject to unfavorable exchange rates.
He added that the dollar was due for a decline, according to charts analysis by DeCarley Trading's Carley Garner.
And while the central bank could be looking to slow hikes in December, according to a report in The Wall Street Journal, it remains unclear whether the market's recent strength will continue, Cramer said.