SPY at Support...03.11.15

SPY finally got down to nominal support (and oversold) levels.  That doesn't mean we can't go lower but the odds are starting to be skewed in favor of the bulls going forward.
It was a particularly weird opening today withe both the VXX and the SPY in the green.  That was a danger sign for any new longs and, sure enough, the final reckoning for the SPY at the close was red....although the closing 10 minutes did not repeat the high volume sell off seen yesterday.
The dollar has been on steroids (UUP), reaching the highest level in a decade and that's got a lot of multinational large caps spooked (like Walmart).  Hint>>>watch UUP.