View: slopechart_$TRAN.jpg

slopechart_$TRAN.jpg

Dow Transports Covid crash to present following earlier comment by DesertEagle. 

20/50/200 SMA shown. 

Red trendline extends to 2014. 

Blue trendline is the top of a channel that goes to 1929. (about 22,000 if you like to hunt bears) 

Oscar been banging on this one the last couple months as well. This index did telegraph the recent dip with quite a bit of lead time. 

What is it telegraphing now?

Image added via SlopeCharts
slopechart_$TRAN.jpg

Comments

Mr. WizardMr. Wizard
IMO it's telegraphing a serious Dow Theory non-confirmation. 
I sure wish Richard Russell was still around to give his opinion. 10/21/21
DesertEagleDesertEagle
The timing doesn't have to be the same..as long as the Transports make a new high 10/21/21
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