DJIA still not confirmed by DJ Transportation
Under the dow theory we need to see a confirmation of the DJ Industrial by a higher close in the DJ Transportation to keep the bullish view, now more important after the longest retrace in the year.
Even when the chances to appear this confirmation are pretty high, the devil is in the details and wait for this confirmation by observing new closing highs in the DJT could be wise.
Even when the chances to appear this confirmation are pretty high, the devil is in the details and wait for this confirmation by observing new closing highs in the DJT could be wise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.