sp'daily5
R2K
Trans
Summary
So.. some borderline significant declines for the Dow/R2K today, but overall... price action is still overall bullish. After all, the sp'500 and Trans both broke new historic highs in the past few days, and such highs are important to respect.
The black-fail candle on the Trans - from Wednesday, remains a curious aspect. However, equity bears can't get excited unless we break <8300, and that is another 1.5% lower.
Taken as a whole, I'm still expecting general market upside, with the giant sp'2000 threshold very viable in the latter half of next week.
*I hold moderately long - via the R2K, across the weekend.
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a little more later...