ORIGINAL POST:  9:40 AM

Watching to see whether the falling wedge on the dollar will break out or re-test the upper bound…

Meanwhile, SPX continues to respect the lower bound of the megaphone pattern we’ve been following the past few days.  But, 24 hours of hugging 1402 is getting a little tiresome.

If you haven’t yet weighed in on the Disqus/SSL issue, please see last night’s post and leave a comment.

I’ll be back with more charts if/when we get any movement.

UPDATE:  11:45 AM

SPX testing the bottom of the megaphone again…

Meanwhile, DX is hitting resistance on one of the red channel lines and the falling wedge upper bound.  A break out would confirm stocks are ready to fall.

Otherwise, this is the first wave up following a well-formed back test on the big purple channel line; and, a retracement is due.

UPDATE:  1:00 PM

The market’s still constipated.  In DX, the 60-min RSI tells the story.  The channel resistance is obvious.  A break of the red TL should get things moving.

Similarly, SPX needs a break of this 15-min RSI TL to see any upside.

UPDATE:  2:30 PM

COMP looking like it wants to try for the next higher RSI TL (white or red, take your pick), which would likely correlate with the .786 Fib level.  Like RUT and NYA, it’s just a hair beneath the level needed to complete a Gartley Pattern.