The market managed to close negative today, but no strong support was broken today. 875 maybe but the bulls defended their support levels just as the bears defended their resistance levels. The MACD on the 60 did give a sell signal and the histogram went negative.
On the daily chart 870 was held by the bulls and the market formed a shooting star candlestick pattern, which could signal a reversal. But one thing to note is the MACD went positive today, and also the trend is still up and unless the market can break the uptrend the trend is still your friend!
The dollar ran up again today making a move higher after the Economic Data this morning. 84 looks to be support for the dollar.
