UPS looking DOWNS

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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.
Transaction en cours
Smashed the neckline

Big gap in price activity $125-$135
expect it to be filled
Transaction en cours
UPS is falling apart!
Note
snapshot

Looks like a #HVF
Transaction en cours
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Still monitoring UPS as our canary in the coal mine on the US economy as a proxy indicator on the consumer.
Note
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cleaned up the HVF for greater accuracy ....
Transaction en cours
T2 HIT

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Chart PatternsdowtheoryecommerceeconomyfedexHead and ShouldersretailStocksTrend AnalysisunitedparcelserviceUPS

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