S&P hourly cycles peaked early in the day with daily cycle already down from last week. The two together caused weakness and S&P futures to decline to 2792. The daily trend support held leading to price recovery finally closing at 2807. While S&P is oversold on hourly chart, hourly cycles are down trending tomorrow.
US Dollar Index closed higher at 96.47. Short term charts are overbought. However, buy signal continues on US Dollar with daily cycles uptrending.
Tomorrow, we get GDP and Jobless claim numbers at 8:30 am, pending home sales index at 10:00 am, and Fed balance sheet at 4:30 pm.