transportsdangerouskissatresistancejune24CLICK ON CHART TO ENLARGE

The chart looks the the DJ Transportation Index on a monthly basis.

Pretty simple friends…Support off the 2009 lows was broken┬álast month. This month, the index rallied and kissed the underside of the line at (1) and looks to be pushing lower.

This could be a dangerous kiss of resistance for the Transports.

I shared with Premium Members this morning that the DAX index was kissing a resistance line as well and was pushing lower.

These potential kisses of resistance could be taking place at a dangerous price point!