When the day first started out, the market was bouncing off the 20EMA. But the market failed to get above 870. One thing to note, is that the last 3 hour candle sticks made a Matching Low pattern, which is a bullish pattern, but the market is now below the 20EMA which is bearish.
On the daily chart, no resistance or support was broken. The candlestick pattern that has formed is a Bullish Harmi. Currently we are still in the Light Blue Scenario, with the the possibility of drifting now to 840 for a bounce back up.
The dollar was up 1% today vs the market being down 1%. 86.10 should a key level of resistance for the dollar. It has broken back into its ascending triangle and a break above this would signal another break of the triangle.
