Consolidation

The market is a bit quiet in the last few days. Although the broadening top/megaphone is still in play, with these pull backs, the stock markets appear to be strengthening up for a run at the 1000 level on the S&P.

The dollar is having a technical bounce. It will be critical to see how far it bounces. The 50 day moving average is the first resistance. We'll investigate this later today.