DJ Transport to Range Trade for the rest of the year
Looking at support and resistance lines plus various moving averages, I would say the DJ transports is like to range for the rest of this year or until September.
After this time, this is when the market in general will make a decision about where the market is headed. My bias is for the downside.
At the current moment i'd say its a good sell to support.
After this time, this is when the market in general will make a decision about where the market is headed. My bias is for the downside.
At the current moment i'd say its a good sell to support.
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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.