Because the market never seems to make things cut and dry in a convenient time frame, USD continues to rise off the test of the channel bottom and the SMA 200, keeping the situation in decision mode. The bear flag did break down, but daily chart bear flags, much like bearish candles, only need to have a day or two of downside after they break. This one got that and has thus far failed to develop into something worse (or better for financial markets).
This keeps open the theme that would be negative for most markets and positive for USD. The uptrend is the uptrend, after all, until it no longer is. USD can still break down, but if it takes out 105.12 be on alert for a USD rally and with it, likely broad market pressure at least, or correction.
thanks, Gary