Tactical vs Strategic

Lets look at the DIA

 As you know from my comments of the last 2 days, this resistance trendline s where I'd like to see the DIA and the QQQ break above, setting up a head fake and reversal. That's the tactical entry I've been looking for .

 The 1 min chart in the DIA looks like it wants to make that run.

 As does the 5 min

 And the 10 min, this is the tactical aspect and I'm thinking it's likely that resistance line will be broken, which is a good thing in my opinion, as counter-intutive as that may seem. Almost all significant reversals are preceded by a false breakout.

 The strategic view of the 15, 30-60 min charts is still very negative, so everything sort of fits into place.

Furthermore, UUP is just sitting there building upside steam, when the dollar rises, equities typically fall. Looking at the above charts and considering UUP's stance, it all seems to point to a tactical break of resistance allowing for a head fake and a reversal as the long term charts point to trouble ahead for the market, including that of the dollar.