We saw the pullback that we forecast yesterday at the close but it was relatively mild (SPY never even got close to S1 pivot) and QQQ actually finished in the green.
The dollar (UUP) did a complete 180 from yesterday and that's a bit worrisome for the bulls. After the FED induced steroid pop on Wednesday next week will be an acid test for the likely trend momentum.
Once earnings kick off in a couple weeks the widely held view is that the rising dollar will produce poor guidance from the large cap multinationals and may spark a sizable sell off. Caveat emptor.
