markethunter888

Might not want to go long when things are this overbought

Short
DJ:DJT   Dow Jones Transportation Average Index
In this video I've shown how extended the Dow Industrials as well as Dow Transports are. This type of overbought setup has consistently marked tops in the past so I am currently bearish and waiting for a correction to play out over the next 4 weeks.

I am expecting an approx. 10% drop in the markets before going long

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.