Despite the Dow Jones sitting near its all time highs, the Dow Transports are not confirming. Not only are they not confirming, they might be getting ready to breakdown. Just FYI.
Second chart is courtesy of Mark Ackerman: A Financial Engineer,Brilliant Wharton Graduate Using Elliot Wave Principle Fractals and Fibbs as well as Quant Models for analysis of different 18 Asset Classes, 35 years of trading experience. 