As long as the lower wedge trendline holds, we'll throw this pattern up here and see what happens. At the least, I don't see (yet) any 5 wave patterns down on the SPX.]
Dollar finally broke down overnight, delayed from what I posted yesterday http://2.bp.blogspot.com/_TwUS3GyHKsQ/TFA11JBHsUI/AAAAAAAAGp4/-bBKlRTtmlY/s1600/2010-07-28-TOS_CHARTS.png Heading toward the 50% Fib.
Overall pattern here http://3.bp.blogspot.com/_TwUS3GyHKsQ/TFA2Z_Q1_QI/AAAAAAAAGqA/9_7N6BU8_Ec/s1600/2010-07-28-TOS_CHARTS.png
Euro is thrusting out also of what appears to be a final triangle
GDP preliminary report tomorrow and the entire market waits in anticipation.