A good time to update the technical chart in transports as we approach the key resistance. Taking these highs will unlock a major break higher and act as a leading indicator for other key sectors.
For the ST flows, I would expect a pullback first to present a fresh buying signal as the rotation into cyclicals gains more shape:
The highs are looking very soft now with QE Lite ahead, breaking out above 199.23 will be a major signals and imply that the entire sector is on its way to break all time highs...
All the best
For the ST flows, I would expect a pullback first to present a fresh buying signal as the rotation into cyclicals gains more shape:
The highs are looking very soft now with QE Lite ahead, breaking out above 199.23 will be a major signals and imply that the entire sector is on its way to break all time highs...
All the best
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