The Transports are a pretty good big picture macro market to keep an eye on. This chart was produced several weeks ago in NFTRH149 as Tranny was grappling with the green shaded support zone. Subsequently, it mini crashed just about to target. So, much like the SPX, which satisfied the objective of its topping pattern, the Tranny has done so with one of its own; in this case a Reverse Symmetrical Triangle (reversal) pattern.
So many mixed signals during a usually interesting time of year, as Europe inflates to bail its mess out. You have got to love the markets. You really do.
http://www.biiwii.blogspot.com
http://www.biiwii.com
So many mixed signals during a usually interesting time of year, as Europe inflates to bail its mess out. You have got to love the markets. You really do.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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