after attempting a rally last night which was faded hard this morning, the EUR/USD briefly penetrated my first minor support level (S1) but i’m still waiting to see a candlestick close below S1 (on the time frame of this 4 hr chart) or possibly another solid move back below to fade today’s likely gap up in equities. currently, stock futures are pointing to a decent gap higher in equities as well as gold, oil and other dollar sensitive commodities. if my EUR/USD scenario does play out, i’d expect a sharp reversal in both equities as well as gold and commodities, especially if this disconnect is ignored for much longer. just watching for now as support is support until broken (on both the EUR/USD 4 hr chart as well as those equity index 60 min uptrend lines/channels that have to break down). fwiw, here are some support/target areas on the SPX should a correction begin from or around currently levels, more or less: 1335(minor support), 1307, 1295, 1280.