These Chart Signals Transports Are Late Cycle

by stockboardasset
Dow Jones monthly RSI tags 75.0610 reading, which has been synonymous with a late cycle move.

Breaking down the move from 1Q2016, the RSI has a clear construction of the Elliot Wave. The current move in the wave count is number 5 testing a .764-fib at 75.


3rd rail tag in the entire cycle on the Transports index. What comes next could be a period of weakness