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
I have done a 3 prong analysis on the Dow Transports VS the Dow Jones which are indicating a continued move down for the markets in the near future of 1-2 weeks. It could even be a crash.
