{"id":135183,"date":"2018-10-09T18:59:29","date_gmt":"2018-10-09T22:59:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135183"},"modified":"2018-10-09T18:59:29","modified_gmt":"2018-10-09T22:59:29","slug":"transportation-breakdown-hinting-to-global-to-economic-weakness","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/transportation-breakdown-hinting-to-global-to-economic-weakness\/","title":{"rendered":"Transportation Breakdown Hinting to Global to Economic Weakness?"},"content":{"rendered":"
October 9, 2018<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Our research team highlighted the recent breakdown in the Transportation Index ($TRAN) as a very strong sign that the global economy and US economy may be starting to show early signs of weakness.<\/p>\n

The Transportation Index typically leads the markets by about 3 to 6 months (on average).\u00a0 When we see a big breakdown in the Transportation index, as we\u2019ve seen recently, it immediately raises red flags that one or more component of the global markets may be crashing.\u00a0 At this point in the Seasonal Cycle, one could expect the Transportation Index to rotate lower a bit.\u00a0 Our concern is that global economic factors may be driving China and other markets into much deeper corrections \u2013 which could cause the US and other world markets to correct a bit further.<\/p>\n

The recent price rotation is shown near the right side of this Daily Transportation Index clearly shows the recent downtrend and the current breakdown in price.\u00a0 This price breakdown cleared recent support near 11,290 and is currently resting near another support level near 10,980.\u00a0 Any further breakdown of the Transportation Index below the 10,980 level would suggest we could be looking at a very deep -10% to -15% price move.<\/p>\n

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Our research team will continue to monitor the Transportation Index, and all the other major US and Foreign markets, for additional signs of strength or weakness in the future.\u00a0 Right now, be prepared for what may become further price weakness in the US Indices as this breakdown in the Transportation Index suggests.\u00a0 Visit\u00a0TheTechnicalTraders.com<\/u><\/a><\/strong>\u00a0to learn more about our services for skilled traders and to see how we can help you navigate these markets.<\/p>\n

Chris Vermeulen<\/p>

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By TheTechnicalTraders.com Our research team highlighted the recent breakdown in the Transportation Index ($TRAN) as a very strong sign that the global economy and US economy may be starting to show early signs of weakness. The Transportation Index typically leads the markets by about 3 to 6 months (on average).\u00a0 When we see a big […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-135183","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=135183"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135183\/revisions"}],"predecessor-version":[{"id":135184,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135183\/revisions\/135184"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}