Markets are trying to finish the counter trend rally that started 12 days ago. Yesterday we completed 5th step down of the first step down which started on Monday. We are completing now the 2nd sub step up .This will be followed by the stronger 3rd step down.
Third Step Down Started Wednesday Evening( Posted on Thursday morning) A big decline ahead which will be persistent.
Dow Jones transportation is still near the lows. Advanced decline line remains weak
DJI
SPY
Third Step Down Started Wednesday Evening( Posted on Thursday morning) A big decline ahead which will be persistent.
Dow Jones transportation is still near the lows. Advanced decline line remains weak
DJI
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