DOW Transportations, showing no signs of bearishness
DOW Transports has given us some incredible signals as to the overall market direction. Right now it's giving us a green light, but comformation would be reached if the DOWT can break the overhead ascending resistance (zoom out to verify).
However, we should be careful for what we wish for. There is very strong resistance near the 5600-5700 level. Several major market corrections have occured after the DOWT has touched the ascending resistance line.
However, we should be careful for what we wish for. There is very strong resistance near the 5600-5700 level. Several major market corrections have occured after the DOWT has touched the ascending resistance line.