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Dow Tranports

13 Dec 2016 ‚óŹ 05:49 AM

DJIA - RSI is at 85.9, Put call ratio below 0.6, both extremely overbought readings are waiting for prices to confirm. Two days of bad A/D saw the Dow close higher but not the other US indices. So the Dow Transports that has managed to recover all the losses of last year to a record new high in days after the election the daily momentum rolled back to a sell with a negative divergence. The move up should be complete.

dow-131216

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