The market has been crushed in the last 7 days. As the dollar strengthens, the market collapses. I use UUP to chart the dollar. I see minor resistance for UUP at 22.74 and major resistance at 22.92.
Minor support for the S&P 500 (SPX) is at 1039.47. Major support is at 1019.95 and 1013.14. I prefer 1013.14 because it is a 38% (fibonacci) pullback of the move up starting on 07/08/2009 and ending on 10/21/09.
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