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.
Trade active
Smashed the neckline Big gap in price activity $125-$135
expect it to be filled
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UPS is falling apart!Note
Looks like a #HVF
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Still monitoring UPS as our canary in the coal mine on the US economy as a proxy indicator on the consumer.
Note
cleaned up the HVF for greater accuracy ....
Trade active
T2 HITNote
#UPS #ECONOMY #STOCKSLinear target seems very likely to be coming soon.
Trade closed: target reached
LOG TGT hitfor #UPS
Does it run to the linear... probably.
Note
#UPS Bottomed at $90Note
One of our Canary in the coal mine indicators for the Biden Ghost recession should (IMO) realistically be challenging ATH's before #Trump leaves office. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.