Is The Transportation Index Setting Up A Topping Pattern?

“RESEARCH HIGHLIGHTS:
The Transportation Index, which typically leads the US stock market by 2 to 4+months, has been unusually aligned with the S&P 500 over the past 8+ months.  Recently, though, the Transportation Index has rallied up to recent new all-time highs (over the past 9+ months) and has rotated lower – below resistance near 11,440 (the MAGENTA LINE on the first chart).  Our researchers are warning us that any continued breakdown below this level could prompt a bigger downside market move.


Chris Vermeulen
TheTechnicalTraders.com

“Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.”

Note from Dudley

IS THE TRANSPORTATION INDEX SETTING UP A TOPPING PATTERN?

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