Good Game... the DJ Transportation Index has broken down the up trend line. Sell signal on the ATIS system should be out soon. And MACD is crossing down into the bear territory. The BMT had already given way in early October.
According to the Dow Theory, the DJ Transports is a leading indicator and well, expect the rest of the market indices to follow.
The two year cycle low in djt came in right on time in march at ax 1.618 and 50% and .382 at march low we are now looking for the BULL MARKET TO END AND ENTER A 18 TO 22 MONTH BEAR MARKET IN DJT AS WE REACH THE UPSIDE TARGET 12175 TO 12250 WATCH FOR A MAJOR SHIFT WITHIN 10 TO 13 DAYS AS THE FINAL BLOWOFF IS ENDING 2021 THE DJT ON AVG WILL BE...
I believe we are on the tipping point towards this downside. We couldn’t break out of the resistance or previous highs. This will impact the SPX and DOW
