Are the Transports ready to Rally? – $TRAN Chart

 

 

 

 

 

One of the indicators most of the Bears fall back on to shit on the current uptrend id the lack of participation by the Transports

Looking at a weekly view of the one year $TRAN chart it appears to be basing near it’s pivot point at 4866. It’s acted as very solid support, save for the breech at the June 4 lows

 

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