Trucking index hitting the skids of late…going to impact the broad market again, like it did in 2008?

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The DJ Trucking index broke down from a flag/pennant pattern back in 2008 at (2) above…. falling 50% in 6 months.

Now the Trucking index broke below another flag pattern of late, kissed the underside of resistance at (4) and is reflecting relative weakness, as it has lost 7% more more than the 500 index in the past 90 days.

This index rolled over and went into a ditch very quickly back in 2008, impacting the broad markets….keep an close eye on it, to see if it skids off into the ditch again!