The transportation average has trended higher for the last two years and is set to reach new highs this year. The price action in early 2025 is bullish, confirming the trend with a strong signal, including crossovers in critical moving averages. While not technically a Golden Crossover, the set confirms the trend with a strong signal.
The 9-day EMA moves above the 150-day and 30-day, showing short, mid and long-term market participants in alignment with ample room for the market to move higher. There is some risk of resistance at the 16,600 level, but it is unlikely that this market will hold back without a significant change in the outlook.
