wednesday wonderwall waterfall, page-45

Nice chart red. Technically the transports are yet to make a lower low and this deep retrace is what is needed before the trend continues imo. There are similarities to an 87 crash scenario but two major differences are the cost of money and the 50% preceding market decline we've had. The closest historical match imo is 38/39 where at this point commodities start to move up against a muted market background.