Tomorrow will be interesting key resistance will be tested

The past few days have been incredibly rewarding for those who have stuck with the trend and traded alongside the falling dollar. The SPY is at a key technical resistance level (see chart for details). Although we were able to sustain most of the gains today we still were not able to break above resistance. If we make a lower high this time in the trend my thesis will begin to focus on really being hawkish into earnings and keeping an eye on the falling dollar relationship for any signs of decoupling.