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OakMarketTrends

SPX, TRAN and XLI Top down approach/ intermarket relationships

Long
S&P 500 Index (FX:SPX500)  
OakMarketTrends  
FX:SPX500   S&P 500 Index
SPX (S&P 500 Index) transportation XLI
2
0
spx transportation xli
Nice recovery at the end of today's session, the medium term support area around 1820 remains intact on SPX.

DJ transportation has almost closed positive today despite the overall market drop. I'm looking at XLI as a possible buy on a short term basis.

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