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Dow Transports

7 Dec 2018 ‚óŹ 05:40 AM

For the Record the Dow Transports is the only index where wave C did what it logically is expected to do, go above the wave A high to attempt touching the upper channel line. It stalled at 70.70% retracement and broke the rising channel and wave B low and is now just pulling back to kiss the channel from below before wave 3 down resumes. This is what I would have liked to see in other US indices or even in Europe but it did not happen. Wave C was truncated in most cases.

dowt 071218

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