SPX & Dow divergences
I firmly believe the Dow transports are an important leading metric to identifying the overall strength in the economy.
Since the highs in Feb, transports have not participated in the rally to the upside.
What this tells me under the hood of this economy we are seeing weakness.
Since the highs in Feb, transports have not participated in the rally to the upside.
What this tells me under the hood of this economy we are seeing weakness.
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