ridethepig | Transport Breakout Alerts!
A good time to update the technical chart in transports as we approach the key resistance. Taking these highs will unlock a major break higher and act as a leading indicator for other key sectors.
For the ST flows, I would expect a pullback first to present a fresh buying signal as the rotation into cyclicals gains more shape:
The highs are looking very soft now with QE Lite ahead, breaking out above 199.23 will be a major signals and imply that the entire sector is on its way to break all time highs...
All the best
For the ST flows, I would expect a pullback first to present a fresh buying signal as the rotation into cyclicals gains more shape:
The highs are looking very soft now with QE Lite ahead, breaking out above 199.23 will be a major signals and imply that the entire sector is on its way to break all time highs...
All the best
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Related publications
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.