Odd to see Transportation doing this???
The Dow Jones Transportation Index has been doing very well since the 2009 lows, as its outpaced the S&P 500 by a large percentage. The rally since 2009 has taken the DJ Transports to the top of this 20-year channel.
This past month, Transports may have created a monthly bearish wick at dual resistance at (1) above.
We will see a month from now if it was “Odd Transportation” price action taking place at this key price point.
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