Inside the Exodus Strategy Session we keep the NASDAQ transportation index under close watch.
The index broke up and out of its massive consolidation pattern in early October. For many weeks the expectation has been for price to begin an explosive upward discovery process. Instead the index continually churned sideways–neither negating the consolidation break nor producing the expected upside move.
However these last three sessions have seen prices exploding higher. This is contextually bullish for the overall market:
