Morning Post, SPX, S&P 500, e-mini

Minis 60m -Not sure if the channel is it or not as the SPX has busted the upper diagonal resistance. Looking at the indicators this is a key point. Can the bears maintain momo at this point of not?Here you can also clearly see the volatile range bound action over the past week between 81 and 63. Price cracked this yesterday, but is now back into the range. One other thing to note is the lower green doagonal was the wedge support. A backtest of this may be in order. 

Will the dollar and the markets lose correlation?  Granted the dollar is oversold and screams ABC retracement at LT triangle support. See mid-June where both trucked it down. the point of this is to let you know both can move in the same direction.

SPX 30m -Bears may have to wait for this chart to cycle.

Off to the big blog.

Minis support at 63. Hit a high of 70 overnight. Daily MACD bear cross holding so far.

67 is the daily VWAP. Trading right on top of that now.

1m VWAP bands are 71 and 62.

ST BB's are really narrowing.

Price is trending down at the moment 5 points off the overnight highs.

Dow minis 10960 v. 10965 close.