Second Verse Same as the first

Yesterday in what I've mentioned as a "set-up" the market rallied on no news and no correlation with the Euro which was moving down, which seemed like a bearish set up.

Today wasn't much different.

 DIA's "set up" yesterday in the white box as the Euro moved down, this also broke an already parabolic linear regression channel (for the importance of this I would strongly advise reading Don Worden's "Street Smart Charting" in which a break of a channel-especially a parabolic channel seems like a bullish event when in fact it is typically one of the last moves before a market reverses direction, kind of like the "head fake" event).

 The same in the QQQ , I use the red trendline of the Euro to establish the trend of the Euro and the green line to establish the relative trend vs. the Euro in each market-this being the Q's. Also note the decent volume spike on the last candle, which is a bearish candle-all of the charts show the same.

 The SPY...

The IWM is a bit harder to establish a baseline on, but nonetheless, there's an effort and an ugly closing candle/volume.

A lot more coming...