"A stronger dollar should be negative for stocks as the correlation between stocks and the dollar has been negative," Mary Ann Bartels, analyst at Bank of America-Merrill Lynch, wrote in a note to clients. "The US dollar is challenging the 50-day moving average at 75.68. If this breakout holds the next key level for the dollar is 76.82.

"So the tug of war between the bulls and bears is still on, and will be won on a move to break key levels on the S&P of 1,120 or 1,084."

http://www.cnbc.com/id/34312650