As you can see on the trannies chart below (or the leader of the market) we have not spent 2 days below the EMA 50 line. In the past this has not been a good sign for the market, or is a big warning sign we would like to think.
The fed announcement this week has really played havoc with the market, but we love these volatile trading conditions as it has presented some very good trading opportunities.
|dow jones transports chart|
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