sp'monthly3
Trans, monthly
Summary
*in any multi-month down cycle.. the equity bears simply can't see any green candles... and right now.... we have the sp'/Trans green, Dow/Nasdaq remains blue.... R2K.. red
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... if we break above the 10MA.. for me.. .that will be the death knell for the bears.. for a very considerable time.
Seriously... any monthly close >2050 or so.. and its over... for many... many months.
The fact the USD is now in cooling mode.. seemingly headed for DXY 90.... is only going to help keep upward pressure on commodities.
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notable weakness : AA -3.2%... after lousy earnings.
TSLA -2.5%... net weekly decline of -10.6%
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time to shop... back soon.