2pm update - even the Transports are higher

US market is in melt mode... with Dow 18300s and sp'2128s... weekly/monthly cycles are offering the 2170s by mid June. USD continues to build gains, +0.9% in the DXY 94s, a viable short term floor is in... but not a multi-month turn (90/89s look viable). Gold +$1.. vulnerable to a fractionally negative close.


Trans, daily

Dow, daily

Summary

 *Trans is still seriously lagging though, despite Oil only in the low $60s.
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So... Dow 18300s.. with sp'2130s seemingly due before today's close.

Another 2% to the 2170s looks an easy target.. given 3-4 weeks.

From there... its merely a case of scrap along the upper bol' bands.. or get stuck.. and reverse lower into late summer/early autumn.

For now... there is no reason for bears to get involved.
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notable weakness: coal miners, BTU -8.3%... close to breaking the historic low of July 2002 ($3.68).