sp'daily5
Trans
Summary
*Transports closed the day on a pretty lousy note, having tested rising support. A Thursday close <8K would be a real red flag.
A weekly close <8K would be a serious early warning... and will need to be carefully kept in mind.
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As for the sp'500, the daily candle was of the bearish engulfing type, and that does favour the equity bears in the near term.
Despite the daily close, renewed upside into the 2100s still looks highly probable.
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a little more later...