Huge Test For The Transports Today, A Major Factor *PIC*

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The Transportation Index has been a key part of the stock market rally, and is known as a key component of any bull market. Today is a major test day for it. Why? Because it has fallen into a trend line of support connecting the recent lows. As long as it holds, this market is likely to rally on and investors can feel great about holding long positions. However, should it break, a 8.7% market correction will ensue. Where does 8.7% come from? It is the range in corrections over the last 30 years when the Transportation Index was this extended and broke key support like this.

Major test for the stock market in the Transportation Index

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