Wed Augusts 14, 219
the A/D line is the most consistently reliable indicator. We are headed to teh late My low at a minimum and possibly back to the late Dec 2018 low.
Banks and energy service is already testing or near the Dec 2018 low, that is probably our lead indicator of where the rest of the market is headed. XES Energy Service closed at 6.999 welll under the 2009 panic low.
Transports lead as we have said so many times and they are near the June low. And TRAN has closed under all the MAs, an ominous sign. Should China send troops into Hong Kong, the result would be a world wide melt down.
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