SPY

Another very out of character market today. As it looks like the market is no longer being propped up and the dollar can't be held down.

It is also worth noting that since we did breakdown, we have to see if the Fed dumps the dollar overnight, gap the market higher to recapture the trendline like they've done in the past.

The 60-min SPY looks like an "MA pattern" is developing. If this pattern is legitimate, SPY should not trade above $118.65.