Dow Transports

25 Jun 2019 ‚óŹ 06:24 AM

The Dow Transports index maybe giving a lead indication of the next leg down for US equities as it falters bang at the upper Bollinger band in wave B up and maybe starting wave C down, daily momentum has still to confirm a sell signal. This is wave C of Y as this index declines in a complex wave structure. Wave Y should carry well below the low of W at 8636.

djt 250619

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