DJCFD (DJ Transportation Average index).Macro Bullish

DJ:DJT   Dow Jones Transportation Average Index

Some say that the DJCFD is a good indicator for the general stock market, eg SP500 .
If DJCFD does well, the others will do well.
This past week, as per the weekly chart, we can see a solid bullish candle close above a main resistance.
Before its retests this resistance level , I am leaning towards it reaching to the upper part of this regression channel first.

> MACD shows convergence on the daily and the weekly chart.
> Using both the channel and the fib tool, the next target level has confluence with both of these elements.
> Chart below shows top resistance trend line with confluence to this target area.
> Hopefully this also gives the SP500 and BTC the spring it needs for the bull trend to continue, once again.

NOTE: DXY finished bearish last week, which gives extra weight to this thesis.

Please give me a like or tick for this post.


NOTE the top resistance trend line has confluence on my target as well
Comment: DXY chart, short term
Comment: 12 HRLY chart with a bearish div. however the MACD just crossed over. Still some upward pressure

This community has signals now but with no risk management comms.
Eth, USDT, etc: 0xb5F47272B1C8DC17c6cCE98dCA5a40Ae72D28580