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Dow Jones Transportation Average Index

Troy Bombardia
2020-08-12
Dow Jones Transportation Index has now gone up 10 consecutive days with such levels last seen only in 2013.

Dow Jones Transportation Average Index has gone up for 10 consecutive days with the last time being in 2013. 

When this happened in the past, Dow Jones Transportation Average Index rallied over the next year on almost all time frames. This supports the other bullish momentum studies done recently.

And this behavior in Dow Jones Transportation Average Index was also a slightly bullish factor for the Dow Jones Industrial Average Index on shorter time frames.

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