There was a major trendline break in the Dow Jones Transportation Index on the monthly chart. At this point it important to watch for a quick reversal off this trendline with the markets continuing higher, or if we drop, than rally weakly back to this trendline, which would then act as resistance. My vote if for the latter, but I’m open to the idea that we start an intermediate bear market rally should the markets display strength in the coming days.

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