sp'60min
trans'60min
Summary
The one notable sign of weakness so far this morning is in the transports, which has not only put in a brief failed spike, but did not break the Thursday high. Now red.....interesting.
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Bears should be desperate for a close <1415.
I'm sure not pleased with what I'm seeing so far today.
sp'daily5b - scenarios
Surely not 'A' ? urghh
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UPDATE 10.25am Transports is rolling over on the daily. Bears should be watching this sector/index VERY closely.
*I'll probably highlight it again, but the tranny was warning of trouble this morning right from the open, and was 'leading' the other indexes by around 3-5 minutes. For the fast day-traders out there, it remains a very good early warning.
See daily MACD (histogram) cycle, rolling lower, at current rate, the bigger declines will be late this week, Thur/Friday, when the cycle goes negative.
*VIX is a touch higher already.