1:01 pm PST. Once SPY broke down from the lower trendline and backtested, traders headed for the exit all afternoon, selling right into the last seconds of the trading day. With a close like that, one has to expect a possible gap down on Monday. SPY could spike down to 230. At the same time the VXX closed just under the pivot and /YM closed just above the pivot.

The UUP bounced nicely off support. I think now the correction is done. A bullish dollar will also mean bullish for stocks, maybe not at the open on Monday, but perhaps by Tuesday.

Barrick Gold gapped down and could not gap fill, closing on the lows of the day. The pattern looks very bearish. I would be careful on the mining stocks, especially with a more bullish looking dollar.