[$DJT] update

In the backlink I expressed a negative outlook on the transports in the belief that it was taking too long to break out in order to believe that it would end up an HT.  I wrote, "At this point is is starting to smell like a resistance line that cannot be broken out.  The market will not put up with much of this.  It will either break down or break out soon and which ever way it goes will be the trend for several weeks to follow IMO.... This is looking bearish to me."

Below is today's ugly looking transports chart.  The 4th wave potential is now nearly zero but I caution not to chase the shorts here.  Let it bounce and then short it.  Peace of mind is always worth more than a shot at a piece of the action.