Let’s take a walk through Cash Index Park and make a few observations. We start with the Dow Jones Composite, which needs to remain below the demarcation below to give the bears a fighting chance.
The NASDAQ has been stronger, but reversed away from its double top today.
The Dow Transportation Index broke its trendline weeks ago and is slowly weakening.
Crude oil has been extremely strong lately, but that strength has not ruined the long-term bearish setup for the oil and gas index.
Of course, volatility got its ever-loving life squeezed out of it within days. Sad. Just sad.
The greatest chart still going is the terminal wedge on the S&P 500. That’s all, folks!
