The major caveat being that the Baltic Dry Index is a calculation, not a readily TA-able index. But the calculation of shipping rates has been dropping for a few weeks now, and has broken back below the neckline of the “complex Inverted Head & Shoulders” * pattern.
Of more importance, in declining it is diverging commodities, which have been firm but not followed BDI upward to a large degree, and World stocks, which have. I just find it interesting.
* TA Speak for “I have no idea what this freak show is but it looks bullish!”
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