The whole rally the past few weeks seems attributable to the decline in the dollar. And it doesn't look good with a giant descending triangle. However, here we seem to have found some gentle support on the bottom end of the bollinger band. Looking for a very short term (3-7 days) bounce here commensurate with an SPX drop. 25.5 seems like the obvious exit but we could get as high as 26 depending on the size of the SPX downside move fleeing towards dollars.
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popping out of this. I still see some upside bu with the market starting to turn up, I could see more pressure here.
