The Transportation index generally is a leading indicator of the economy as you need logistics to move things around especially nowadays with online delivery.
The Dow Transportation index has fallen below the support level of 15317 and on June 10 when SPX hits all time high, the Dow index dropped and closed on the bottom. This generally is a bearish sign as the DOW is better represented of the US economy. Dow composed of major stocks from all industries except Utilities and Transport.
The Dow Jones index is weighted by the prices of stocks. SPX is weighted by the market value.
I guess time will tell
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July 8 - DJT is still dropping .. gapped down on Jul 8
Very good explanation, this is the type of hidden knowledge that you need to prepare for a crash.
UnknownUnicorn7245819
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DJT continues to break down. It could be signs of economy slowing down in the future.
fredpui
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@starsora04, though the DJT looks weak at the moment, and this is expected with the Baltic Dry Index has risen 300% since Nov 2020, the Marine shipping stocks have taken a hit lately.
look at my latest analysis on the US30, i believe a correction is now behind us, and a crash is very unlikely now.