The Dow Jones Transportation Index, commonly called the trannys, are leading the way lower.
You cannot have a major bull market if trannys are going lower. How can the economy be strong if there is no transporting going on?
Few people still look at the Trans Index but it is often a leading indicator of the overall market.
The chart shows that the trannys broke the major support from early this year and are now in free fall!
Go back and look at yesterday’s email. Put the two pictures together.
You can see that we are teetering on the edge of a precipice. This week is very important!
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