The major indexes are back to where they were a week ago. This is not only the case in price it is also the case as the market is trading inverse to the U.S. Dollar Index. Simply look at the chart below and see for yourself. It is still amazing that corrections are not allowed to happen and any chance of a major dip in the market the dollar will decline intra-day. Today the dollar is rallying and the markets are dipping this afternoon. We shall see if it can hold. The SPY will have intra-day support at the 116.00 level.
