Last week we looked at the Transports.
They were testing the multi-month trend line and it looked as if they were leaving behind a daily cycle low.
Now that the Transports have closed above the multi-month trend line, this confirms the new daily cycle. And since it is still early in the new daily cycle, I expect that the Transports will be able to sustain a breakout above the 200 day MA.
Cycle Trading 
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