Comparing Dow Jones Transportation Index (DJT) and SPX (US500)

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Chart comparing DJT and US500.

This comparison assumes both are in similar positions regarding their supercycle structures.

DJT has already completed its ((B)) wave with a blow-off top, as DJT tends to be a leading rather than lagging indicator for the larger equity markets.

US500 has been very technical since COVID low. I'm looking for it to top around 7451 or perhaps it goes a little bit extra to the median line target.

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