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UnknownUnicorn25245947

RUSSELL 2K AND DOW TRANSPORTS TOPPED?

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UnknownUnicorn25245947  
TVC:RUT+CBOE:DTX   None
Trend Analysis Trend Lines Oscillators RUSSELL 2000 rut2k DTX rutdtx russell2000 transports SPX (S&P 500 Index)
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trendanalysis trendline oscillator rut rut2k dtx rutdtx russell2000 transports spx
The combination of RUT and DTX has created a rising wedge. Price has broken down out of the wedge. These two indices are known to lead the broader market, so their topping in early June is interesting. Price topped in coordination with an RSI divergence before breaking down from the lower trendline of the wedge. This seems to have a good chance of going lower.

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