Thursday, May 21, 2015

Dow Jones Transportation Average Breaking Down On Huge Volume

Yesterday one of the main US stock market averages, Dow Jones Transportation Average, broke down.
What is more, this move was accompanied by a huge volume, which magnifies this pattern. Please, look at the chart below:

The second most important average - Dow Jones Industrial Average is flirting with its top:

Simply put - the divergence between these two averages is increasing.

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