sp'daily5
R2K, daily
Trans
Summary
*the weakness in the Transports is decisive now... and we also have a break of trend in the second market leader - the R2K.
Right now, Tranports are a clear red flag warning about the broader market. Usually the main market... will follow.
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As for the sp'500... market was unable to hold the 200dma... and that leans in favour of the equity bears tomorrow.
Cyclically though... we're due to rally from here.
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a little more later....