1:12 pm PST. Trump says the dollar is too strong and UUP cash market went right back down to the 21 sma.

SPY still holds the triangle, but if the lower trendline goes, it could get ugly.

The miners ripped higher into the close, along with treasuries and gold. Gold is just about tagging the upper-down trendline from the July high. If gold breaks above that, we have breakout to the upside.

Banks stocks closed weak as JPM kicks off earnings tomorrow.

The only encouraging thing I can say about the markets is that I spotted a ton of global stocks buying and prices closed above most of them. That is the only piece of good news I have for SPY. EZU, IEMG, EWT, INDA, EIDO, EWP, and EWT all closed above their prints. IAU saw a 650k print at 12.35 and we closed below.