Today was a disappointing response to yesterday’s selloff… for bulls anyway. There needed to be a much stronger surge back above support (now resistance). As it is, these charts show stocks tried to rise generally… but failed pretty much in their resistance zones.
Dow Jones Transports
For the record, the weekly picture hasn’t changed. With the exception of the Transports, all of these indices remain in Weekly uptrends. For how long is anyone’s guess…
Mind your risk…