Dow Transports

The Dow Jones transports index was among the weaker parts of the market that are slowly picking up as prices start at 3rd wave. The index is already above the 20 day moving average at 9178 and surpassed yesterday's high of 9458 today. The contraction of the Bollinger bands shows a reduction in volatility that may expand again as prices head towards the wave 1 high of 10,075.