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LukeSkywalker

Transportations Are looking Too Good... Is A 36% Drop In Store?

Short
Dow Jones Transportation Average Index (DJ:DJT)  
LukeSkywalker Updated   
DJ:DJT   Dow Jones Transportation Average Index
Technical Indicators djt transportation shortsetup SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) spx500short DJI
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indicator djt transportation shortsetup spy spx500 spx500short dji
Dow Jones Transportation have just finished their wave 5 cycles up. Which means we are in store for a larger correction down. There we are looking at retracements to the 0.382 fib at 7800 or a 0.5 fib retracement at 6700.

If transportation were to drop, the SPX and S&P is going to drop too. Transportations has always been a early warning regardless to do that.

Trade closed: target reached
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