The Dow Jones Transportation index usually tops and reverses prior to the Dow or S&P. The Transportation index has also fell below its support line while the Dow is in the apex of a bearish rising wedge pattern. Will the Fed save the markets again or will Wall Street finally meet reality? If the Fed didn't exist this would be the easiest short play.. I still think a pullback or consolidation is extremely likely
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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.