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At the close today, the key charts for tomorrow are the UUP & Nasdaq. The Nasdaq tried twice to breakout of its 2-week red downtrend line & closed near it. However, in order for it to break out the UUP (Dollar Index) must fall down thru its 2-week blue line uphill channel (both charts in lower cluster). I marked with a red arrow on the UUP the exact point on the chart. Whatever happens here tomorrow morning will determine tomorrow's trading direction. It could easily go either way. If the UUP does fall out of the channel convincingly I will re-enter the SPY.
Alan
Please see my risk disclaimer below
