Kimble Charting Solutions Blog

Trucking Index suggesting a bumpy road for the broad market is ahead?

Posted by Chris Kimble on 05/03/2011 at 7:52 am; This entry is filed under Transportation, Trucking.

 

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The DJ Trucking Index is facing resistance it has been unable to break since 2007, while facing the top of a rising channel and creating another rising wedge, all at (2)!

Game plan…Patterns suggest that this index has about a two-thirds chance of declining in price.  In the past when this index has declined, it was sending a message per the “road the broad market was about to take!

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