Last week most of the uptrend lines were hanging by a thread and holding. This week, not so much.
DJIA
Transports have a YUGE level up here.
Utes just sorta sit there.
Yield on Ten Year similar to Utes, big sideways.
S&P broke the uptrend line. I tried to use a thicker pencil but couldn't find one
Naz broke the uptrend line.
QQQs fell out of that long standing channel.
RUT (IWM) broke a week ago.
SOX
Interesting about the SOX, when you look at it relative to Naz it has been outperforming in the decline.
Bank Index hangs by a thread.
XLI still has that gap overhead.
XLE. Oils are worse than banks. Imagine that.
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