As you can see by my careful analysis, the transports are bumping up against “the line of (certain) death” resistance. That shit is like a brick wall. No way it breaks that, son.
Also, if you notice on the graph above, “trannies blow.” Moreover, over the past year, tops have been met with “mad faces.” Although I do not see a mad face at the present, I expect one to develop, literally any day.
Finally, it’s worth nothing, this recent trannie run is being fueled by “bullshit” volume. Furthermore, most importantly, there is an ominous “tic-tac-toe top” formation at current levels.
If I were trading the transports, I’d sell them quicker than a 1 dollar pork sandwich in Beijing.
Trade accordingly.Comments »