Alright here we go lots of weekend homework...realizing im posting this right in front of a likely gap up off mexico "deal" news....this is long, so scroll through as it tells a story....
Until these patterns break, this is still my expectation
starting with SPX
Trannies barely bounced, quite weak..absolute speaking here
And even worse on a relative basis...new lows last Friday....
Small Caps, very weak like trannies....absolute IWM not a good looking move off lows to me at all...
Relatively speaking, continues to break down...new lows....not healthy breadth here
EEM not leading...barely bounced....
relative even worse...
Tape back to being led by generals....
I still see a last run or gasp higher here....in the GENERALS.....or the big heavy monsta's in the Nazzy Hundo....
but make no mistake...we are in the big bad target regions from the long term weekly and monthly charts....
check em out....
3 years ago
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