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$SPY - Daily Chart

AMEX:SPY   SPDR S&P 500 ETF
193 0 1
Really closed to hitting target 1 (off by -.14) and rejected at the 20VWMA. Par Sar             buy intact with VSS still flashing sell. Watching DXY             here.. Two plausible scenarios here:

1. DXY             bounce taking market to 203.79 allowing consolidation for move up to 209.16

2. Keep pressing up to 209.16 before headed towards the low at $197 area

I'm prepared for both. DXY             looks like it wants to bounce soon. Will be this week, which is bad for equities .

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