sp'daily
R2K
Trans
Summary
The fifth consecutive decline for the sp'500, although the two leaders were effectively flat on the day.
The near term remains moderately weak, but baring a few daily closes under the old ceiling - which is dow 15800/700 and sp'1760...the trend is clearly to the upside.
Indeed, if bulls can manage a new wave higher within the next few days,,and push higher into end year..the recent weakness was nothing more than a classic back test of the old resistance (now support).
a little more later...