An Overbought RSI Can Stay OverboughtAs seen, the DJT stayed overbought for a long time, in a "stepping stone" kind of move. On the other hand, if FDX knocks this down enough today, it could be a good sell-signal for other indexes.
Impact Analysis: Major Events and Their InfluenceI've conducted extensive research on various impactful events such as interest rate cuts, hikes, U.S. elections, major recessions, pandemics, and more, compiling the data into a comprehensive chart. While additional information like major conflicts and wars could be included, the chart already provi
DJT - transports are not looking goodDJ:DJT Transports are getting killed. August was a significant change in trend. A test of the light blue area is possible and could like up with early Nov with mid Dec as possible rebound if the time zones remain relevant.
Dow Jones Transporatation and S&P 500, risk-on alertDow Jones Transporatation and S&P 500, risk-on alert,
watch closely 14100 and 4180 for potential start of bleeding.
Dow Jones Transport tends to predict inflationThe yellow line is inflation and the candles show the Dow Jones Transport index which represents the fortunes and costs of transportation companies. Transport is a major cost to getting products to market and so if DJT is going up it often then is reflected in the official inflation rate after a lag
DOW TRANSPORTATION .50 % and 618% The wave structure can be counted as a wave 4 drop this would setup the last wave up from today as the setup for support is been seen today . and put call models are set and oil is setup to break from 93/95.5 back to under 84 /79 this would be supportive for the djt
Dow Jones Industrial Average Key MomentMACRO MONDAY
Dow Transportation Average Index DJ:DJT
The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States.
The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final
Might not want to go long when things are this overbought 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 market
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