DTX - Dow Jones Transportation Average REKT!DTX looking prime for a drop to sub $350 longt term, when this correction is over! After a little dead cat bounce and continuation to the down side. All of my 4 indicators showing bearish confirmations on the Monthly Time Frame. Don't believe the misinformation on the news blaming this on the war in Ukraine! All this mess was caused by your government's money expansion policies and half a decade of Quantitive Easing (QE)!
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Bearish)
- Weekly Stochastic RSI (Bearish)
DTX
Is DTX going to transport us to Nirvana?50 WMA tag. Bull flag. Channel breakout. Consolidation. Pivot. Transportation to nirvana imminent?
DTX|DOW JONES TRANSPORTATION:PRICE ACTION+FIBONACCI ANALISY|LONGWelcome back Traders, Investors, and Community!
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RUSSELL 2K AND DOW TRANSPORTS TOPPED?The combination of RUT and DTX has created a rising wedge. Price has broken down out of the wedge. These two indices are known to lead the broader market, so their topping in early June is interesting. Price topped in coordination with an RSI divergence before breaking down from the lower trendline of the wedge. This seems to have a good chance of going lower.
NOT INVESTMENT OR TRADING ADVICE
SPX's fans, DTX is suggesting 32-133 days for a pullback to occuAs the usual, every indicator has its own date for a top. Therefore, trade what is IN front of you.
Sector early indicator? Not usually: Health, Utilities & TransptThe Healthcare sector, Utilities sector, and Transportation sector - here represented by the S&P Health Care Index (S5HLTH, in blue), Dow Jones Utility Average ( DJU, in purple), and the Dow Jones Transportation Average (DTX, in orange) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... except perhaps for DJU falling from a peak in Jan 2015 (DTX a little earlier in Dec 2014), and DJU again in Dec 2017. (Around the turn of the century, DTX also peaked fairly early - in 1998.)
DTX - downtrend to levels below 650DTX is tracing the early stages of primary wave 3 down that should push pri es to levels below 650. If price crosses up 872 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
