Another Ambiguous Close

Good day today. The markets did what I said, Neutral to up with a non-triple digit move. With that said I am Neutral to Bearish going into tomorrow. Neutral because we have another triangle forming on the SPY. Slightly bearish because SPY couldn't close above $111.20.

If we gap down, I expect $109.85 to get hit. Possibly as low as $109.70.

If we gap up, look for $111.20 and then $111.50

Oil continues to boggle my MIND! A rise in crude inventory and a rise in the dollar won't keep oil down!!

SPY 10-min. triangle: