Blue chips were up smartly, Nasdaq Comp closed .3% lower but completed a 5 down from the May high and slightly exceeded the March low. So 1 possibility is that it completed an irregular top 3-3-5. I think this 5 down will yield to a correction upward as long as July 8 and then get slammed in a 3rd down.
I'm holding no positions at the moment. I don't intend to go long, but will await the next shorting opportunity. The daily technical composite backed off from +24 to +22.
So, the rally looks to have begun. SP futures traded up to their 30-minute M/A after hours. Breaking through by more than .5% on a 30-minute close will confirm the move up.
Dollar, silver, etc. all depend on whether this rally gathers steam or not.