RSI is around 50, MACD is still negative. The price itself is in the twilight zone but it will have to break out or break down. Need to watch this closely as it has definite implication for asset allocation.
long term trend is still up as 40 week moving averaging is still pointing up. May dancing around 40 week MA for a while before we know a clear direction. Under currently condition, we should overweight stocks over bonds.
Judging by the 40 weeks moving average direction, moving average rainbow, recent dollar rally is still a counter-trend rally, and may targeting 96 level. Probably a good idea to open a short term long dollar trade (or short bond, short gold etc.)