Monday's Update - 8/15/2016

If the Transportation Index, confirms a Head & Shoulder pattern, then the downside would be about 760 points from where it ended last Friday.

If ... the big if ...

If the Transportation Index (updated below), confirms a Head & Shoulder pattern, then the downside would be about 760 points from where it ended last Friday. If it doesn't experience the pattern and moves up instead, the upside resistance level to break above would be at 8149.

 

  

Disclosure:

None.

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