UPS looking DOWNS
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.
#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.
Operación activa
Smashed the neckline Big gap in price activity $125-$135
expect it to be filled
Operación activa
UPS is falling apart!Nota
Looks like a #HVF
Operación activa
Still monitoring UPS as our canary in the coal mine on the US economy as a proxy indicator on the consumer.
Nota
cleaned up the HVF for greater accuracy ....
Operación activa
T2 HIT
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.