DTX is the running average of the stock prices of twenty transportation corporations. A well-known gauge for future trend for the other US indices.
On Friday we were able to reserve a major signal giving rise to a new bear market. The upward momentum was now rejected twice.
UO indicator fell below 50 again, which can be regarded as a chance to go short on this market.
In this post, I don't want to harp on the various headwinds for the global economy. But Bulls have been too optimistic that the FED is gonna save the day.