Oil the Dollar SPX Oh My

SPX, the bears made a lot of noise yesterday but in the end failed to really break any support.  1087 still holds on SPX and it is touching it's up trendline.

Oil once again preceded the drop in equities, it too is nearing its trendline and pervious top from the spring.

The USD finally broke out of its down channel, can it stay above it is the question.  Resistance is at 77 but also at 76.29.  USD also closed above its 50 EMA for the second time.

 

Also check out Market Scans Section for a new set of stocks.  The scan is for high short interest on stocks, incase we get a squeeze.