DTX looking prime for a drop to sub $350 longt term, when this correction is over! After a little dead cat bounce and continuation to the down side. All of my 4 indicators showing bearish confirmations on the Monthly Time Frame. Don't believe the misinformation on the news blaming this on the war in Ukraine! All this mess was caused by your government's money...
50 WMA tag. Bull flag. Channel breakout. Consolidation. Pivot. Transportation to nirvana imminent?
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The combination of RUT and DTX has created a rising wedge. Price has broken down out of the wedge. These two indices are known to lead the broader market, so their topping in early June is interesting. Price topped in coordination with an RSI divergence before breaking down from the lower trendline of the wedge. This seems to have a good chance of going...
As the usual, every indicator has its own date for a top. Therefore, trade what is IN front of you.
The Healthcare sector, Utilities sector, and Transportation sector - here represented by the S&P Health Care Index (S5HLTH, in blue), Dow Jones Utility Average ( DJU, in purple), and the Dow Jones Transportation Average (DTX, in orange) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in...
The ratio is still beneath a downtrend line beginning in Jan 2015.
DTX is tracing the early stages of primary wave 3 down that should push pri es to levels below 650. If price crosses up 872 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.