DJT/SPX comparisonBearish case for equities.
Chart comparing DJT and SPX. DJT in wave ((c)) of regular flat, SPX in wave ((c)) of expanded flat.
SPX showing ending diagonal (wedge) to complete wave ((b)).
Bottom of SPX pitchfork (blue line) broke support and now acting as resistance.
This count anticipates each ma
Dow Jones Transportation Average Index morning technical analysiTechnical analysis of DJT (Dow Jones Transportation Average Index).
Watching this ticker as a leading indicator of a market downturn.
As SPX and NDX have made new ATHs this week, DJT is down 3.65%.
Blow-off top happened in November 2021.
It is hard to see price action since September 2022 as imp
A comparison of indicesThis analysis compares NDX, SPX, Dow Jones Transportation Index, and NYSE Index.
This analysis assumes that the indices are highly correlated and at similar points in their larger Elliott Wave structures.
This assessment views NDX, DJT, and NYA data as the primary wave 5 of SPX, whose data goes ba
Dow Jones Transportation Index Average, Big PictureMy current count has a leading diagonal (A) or (1) from 18246.51 to 11946.21, corrective wave (B) or (2) up to 16717.04, wave 1 of (C) or (3) down to 13471.47, and wave 2 of (C) or (3) up to 16273.
I'm looking for DJT to roll over and go after the median line of the pitchfork. If this were to happe
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.