RUT Russell 2000 Small Caps and TRAN Dow Jones Transports Daily Charts; Failures at 200-Day MA's

The Russell 2000 small caps and the trannies both lose their 200-day MA support and once it failed, things got ugly. Both the RUT and TRAN (or DJT) print a golden cross in the springtime so it looked like wine and roses ahead. Prices dropped after the golden cross but Keystone has explained that many times; it is expected and as long as the golden cross remains price will come up for higher highs and the charts did, or at least comparable highs.

The choppy whipsaw nature of markets over the last few months is on full display in the charts above. The somewhat orderly price moves up and down show that the robots are in charge.

Both charts are set up for death crosses in the days ahead and, as would be expected, price will bounce after that occurs but the charts will print lower prices ahead as long as the death crosses remain in place, if the death crosses occur in the days ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.