the transports imo entered a bear market in late feb 2015. they did 5 waves down into jan/feb 2016
during that time period the dow imo was topping in its last wave up and had no real upside progress from feb 2015 but a lot of volatility
the transports did a .62 retrace into late april 2016.
i believe we have now enter a wave 3 down on the transports and the dow is entering its first leg down of its own bear market fwiw
so both sectors will be in sync to the downside. just my take fwiw