sp'daily5
R2K
Trans
Summary
*despite the sig' net daily gains.. the two leaders - Trans/R2K, have seen rather important technical breaks this week.
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Broadly though... it continues to be a US market that has seen chop since last December.
Equity bulls should be seeking a weekly close for the Transports in the 9300s. Until that is achieved.. there remains some justification for moderate concern.
Ultimate support remains the 200dma of sp'2025... along with the giant 2K threshold.
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a little more later...