Transports are also now only 10% below previous all time highs. HOW? a trend is a trend until it isn't...and I do point out what is ugly, but I can't yet argue technical picture....I will when its time.
We could be trapped in a trading zone near the highs of SPX 1230 ish, that is also possible. The efforts to liquify the markets are historical in nature.....I will however remind what has happened at the end of each of these man made bubbles, is this the mother of all of them.
D
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