If the US is going to have a strong economy it’s important that the Transportation Average confirms that by showing strength. Below is a daily chart which shows a breakout and backtest to the top rail of its triangle consolidation pattern yesterday. This triangle looks a lot like many of the other triangles we’ve been following on some of the US stock markets.

Just like most of the US stock markets we’ve been following the Transportation Average is building a triangle consolidation pattern on the bottom rail of its 2016 bull market uptrend channel.