DJT transportation - Macro Bearish outlookI would count the 2022-2024 rally in DJT transportation index as a large corrective subwave (B) up to be followed by a subwave (C) of wave (4) down
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
DJT evening updateBear case for DJT.
Might history repeat itself?
Price action since October 2022 low certainly does not look impulsive.
If regular flat confirmed, looking for C below 10k.
DJT morning analysisTechnical analysis of DJT.
My current count has price in wave ((3)) of v, with bullish action likely for next few months/years.
Valid for price above 14547.90.
$DJT is almost ready to break above the LT bull flagLat week NASDAQ:DJT approached again to a long-term upside resistance bull flag line 15800 level. A break above this level will lead to a strong bull market continuation and this is also bullish for all the Indices and US stocks market as well.
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
Distribution on DJTSeeing distribution on Dow Jones Transportation index on monthly chart.
Dow Jones Transportation Index is going down.
An Overbought RSI Can Stay OverboughtAs seen, the DJT stayed overbought for a long time, in a "stepping stone" kind of move. On the other hand, if FDX knocks this down enough today, it could be a good sell-signal for other indexes.
Impact Analysis: Major Events and Their InfluenceI've conducted extensive research on various impactful events such as interest rate cuts, hikes, U.S. elections, major recessions, pandemics, and more, compiling the data into a comprehensive chart. While additional information like major conflicts and wars could be included, the chart already provi
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Displays a symbol's price movements over previous years to identify recurring trends.