SPX- TRAN daily charts:  The purpose of showing these two charts side by side is to get an early warning of top and bottom trend-reversals.  The TRAN appears to have the ability of making us aware of a reversal in the SPX before it happens, predominantly at a top.  While weekly charts are useful for intermediate reversals, the shorter-trend ones are much clearer on daily charts.  Comparable tops and bottoms… Continued