Daily Update

S&P's hourly cycle bottoms tomorrow. Hourly and 4-Hourly trend level is at <SP_HT1> and <SP_4HT1> respectively in S&P futures. At the highs today a sell signal was triggered in the 4-hourly chart.

VIX closed at 14.75 below daily trend <VIX_DT1>. It needs to quickly rebound back above trend for S&P to continue into downtrend.

US Dollar needs to immediately thrust higher with strong momentum clearing the overhead resistance in order to cancel the daily sell signal. Hourly trend level is at <DXY_HT1>.