Bellwether transport stock Fedex is consolidating in a narrow band above the neckline of a double top reversal at $88. Follow-through below $85 would confirm a primary down-trend, warning of a slow-down in the broader economy. Reversal of 63-day Twiggs Momentum below zero would strengthen the signal. Recovery above $90 is less likely, but would suggest continuation of the primary up-trend.
