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UPS looking DOWNS
United Parcel Service, Inc.
Short
UPS looking DOWNS
By BallaJi
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Updated
Jul 27
7
Cheer
Cheer
12
12
Sep 6, 2023
Nice head and Shoulders on the United Parcel Service
#UPS and FEDEX are the new dow transport indicator.
An underlying determinant of how the consumer is faring
Since the US is a consumer economy and Online shopping is the majority of retail
if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate
it would give your non confirmation Top
Similar to Dow theory of new High's in the Industrials , but the transports lagging and indeed falling.
Sep 13, 2023
Trade active
Smashed the neckline
Big gap in price activity $125-$135
expect it to be filled
Oct 26, 2023
Trade active
UPS is falling apart!
May 7
Comment
Looks like a #HVF
Jun 1
Trade active
Still monitoring UPS as our canary in the coal mine on the US economy as a proxy indicator on the consumer.
Jun 28
Comment
cleaned up the HVF for greater accuracy ....
Jul 27
Trade active
T2 HIT
Chart Patterns
dowtheory
ecommerce
economy
fedex
Head and Shoulders
retail
Stocks
Trend Analysis
unitedparcelservice
UPS
BallaJi
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