DJ Transportation Avg. breaks yearly support

Key Takeaways

  • Wednesday’s about-face looks serious and likely leads prices down to 3800 initially
  • Treasury yields look to be rolling over and should continue down into June
  • DJ Transportation Avg has broken down to new yearly lows
Wednesday’s decline was severe enough to suggest that a move back to lows to test and undercut is now underway.  While daily charts showed 4100 as being quite strong resistance, and other Gann-related measures suggested...

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