Trouble in the transports is flashing the warning sign to investors
"Trouble in the transports is flashing the warning sign to investors"
in the news Trouble in the transports is flashing the warning sign to investors? What this all about..... See below.
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Sentiment Trader showed our [=> members here <=] that we can see a few cracks in the transports chart, as you can see below what we must bring to your attention here, is that longer term we are in a bull market, but shorter term we wish to remain cautious.
Here are 4 reasons why? :-
1) Lots of divergences in the transports charts.
2) Technicals shorter term look to be cracking.
3) The range on the transports looks like it wants to break support.
4) More trouble could bring more sellers into the fall.
Here is the daily chart of $TRAN below. You can see after a nice rally up into the MIDDLE OF JULY. The price had tumbled on seasonality and new of trump causing trouble in the white house.
What is a little more concerning is that the price which has been trading in a range of 9100 and 9450 is starting to crack, so they bears now have an opportunity to sink their claws in. See the chart below.
More charts and alerts are coming soon, Happy trading.
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