maccabean

DJ Transport to Range Trade for the rest of the year

INDEX:DTY0   DJ Transports
Looking at support and resistance lines plus various moving averages , I would say the DJ transports is like to range for the rest of this year or until September.

After this time, this is when the market in general will make a decision about where the market is headed. My bias is for the downside.

At the current moment i'd say its a good sell to support.

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