SPDR S&P 500 (SPY)

[gdl]

Da Dollar.... Can't see an immediate chart pattern to determine if its the pause that refreshes or we drop much further.

Help! techies out there? is the dollar pointing to more downside or not?

Tomorrow should be fast action once again. The dollars move will determine in reverse order the stock market move. I am expecting a spike in the dollar above 102 again. That should spook stocks initially.

Job data should do this (IF) it is not streets expectation. I think both jobs and wages are above the most optimistic range. If wages jump that would be three big jumps in a row. 10 year note will also fly.

Remember the note was at 3 percent in 2015 so that alone will not cause much damage. It will set the stage for damage down the line.