It was a rather bearish day, with the sp' opening moderately weak. There was a morning low of 2876, and then choppy upside into the late afternoon. Its notable that whilst the Nasdaq comp' did settle sig' lower, the 'old leader' - Transports, settled +0.6%, with a bullish engulfing candle.
If a US/Canada trade deal is announced before the weekend - as seems probable, new historic highs in the sp'2920s are still on track.
Bonus chart: China, monthly
China saw an overnight decline of -1.7% to 2704. For now, there is still zero sign of a floor/turn. Where are the communists at the PBOC?
|Another day closer to autumn|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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