BOTTOM LINE: The recovery in the Dow Transports played out according to projections and expectations. If the count I follow is correct, DJT should close flat to negative today.
Below is an hourly chart of the Transportation average. Obviously, there is no point in trying to fade a rocket launch, so it is perhaps best to wait for the index to at least fall below the little consolidation zone formed on Friday of last week, about 1% below current levels.
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