United Parcel Service, Inc.
Short
Aggiornato

UPS looking DOWNS

1 419
Nice head and Shoulders on the United Parcel Service

#UPS and FEDEX are the new dow transport indicator.

An underlying determinant of how the consumer is faring

Since the US is a consumer economy and Online shopping is the majority of retail

if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate

it would give your non confirmation Top

Similar to Dow theory of new High's in the Industrials , but the transports lagging and indeed falling.
Trade attivo
Smashed the neckline

Big gap in price activity $125-$135
expect it to be filled
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UPS is falling apart!
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istantanea

Looks like a #HVF
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istantanea

Still monitoring UPS as our canary in the coal mine on the US economy as a proxy indicator on the consumer.
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cleaned up the HVF for greater accuracy ....
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T2 HIT

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#UPS #ECONOMY #STOCKS

Linear target seems very likely to be coming soon.

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Trade chiuso: obiettivo raggiunto
LOG TGT hit
for #UPS
Does it run to the linear... probably.
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#UPS Bottomed at $90
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One of our Canary in the coal mine indicators for the Biden Ghost recession should (IMO) realistically be challenging ATH's before #Trump leaves office.

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