We have stocks and indices turning up from oversold, looking for...

We have stocks and indices turning up from oversold, looking for a good run north....

While the US dollar index is at the opposite end, turning down from overbought looking for a downturn to give equities that run.

If we have seen the end of the "rally"...in that case a failed rally... you would have to say the dollar would then keep going up.

I must say, neither looks that way inclined, but the next day or so will reveal direction.

Charts are the US dollar index daily, and the SPX daily. As mentioned earlier, the rejection of 1100 for SPX is a worry... but let's see what happens.

Dollar index tonight is down despite everything...but the night is long, and there is many a river to cross.