Dangerous "Kiss Of Resistance" For Transports Spills Over To S&P 500

The chart looks at the DJ Transportation Index on a monthly basis.

transportsdangerouskissatresistancejune24

CLICK ON CHART TO ENLARGE

The chart looks at the DJ Transportation Index on a monthly basis.

Pretty simple, friends…Support off the 2009 lows was broken last month. This month, the index rallied and kissed the underside of the line at (1) and looks to be pushing lower.

This could be a dangerous kiss of resistance for the Transports.

These potential kisses of resistance could be taking place at a dangerous price point!

Disclosure:

Sign up for Chris's Kimble Charting Solutions' email alerts - click here.

STOCKS IN THIS ARTICLE

Comments