VIX'60min
Dow'60min
Transports, daily
Summary
I was reading some more bizarre outlooks earlier, targets of mid sp'1400s, even higher across this summer. I find that almost impossible to see as viable considering the bigger macro-economic picture. Even the cheerleading maniacs on clown channel appear to have conceded that there are issues out there right now, not least in the EU.
*The Tranny is imminently due to break the 5000 level... a reminder on the bigger picture...
Transports, monthly (bullish chart)
The big 5000 level is critical, with the 10MA just a little lower. A monthly close under around 4975 would be very strong evidence for very large falls across the summer.
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