Russell And Transports Turn Lower

One more important piece of information came from the market today. While the move down was not impulsive, the Russell and Transports did turn down and closed below the lower range of the last three trading days. In previous instances they have signaled a turn down. The NASDAQ is still showing more strength. Unemployment numbers are out tomorrow. Unless there is good news, which I doubt, the higher probability is another test of the lows. That can change, if the information from the market changes, but as of now the higher probability is for another leg lower.

DAILYT BRIEFING 200415 from Joe Mertes on Vimeo.

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