Trannies STILL not in the game....
Looks like possibly hugely important 30 min candle being put in on the open today.
Above the top of today's candle, and last piece of the puzzle will likely get in gear upside...and meltup can begin in earnest.
BUT, if this pivot holds, and last week's low gets taken out, then Trannies could be in serious trouble for a bit, and would likely put a drag on the other indexes.
Until this gets resolved, I would not get overly bullish just yet...may not have to wait long though...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy