via @hks55:
Financials did the same thing in 2008. 20 week crossed the 50 week and $XLF back tested the trend line and those moving averages. Exact same now.
$oil is double topping 38% retrace. classic bear
transports are weak, semiconductors are weak, tech is weak. energy and financials are very strong and they are both back testing major multi year trend line breaks.
$DJIA 1987
Views: