IYT Transportation Average Ishares ETF
IYT shares broke the uptrend line from the March 2020 lows just a few weeks ago, with the ADX line falling off a cliff and confirming the move.
With the RSI below 50 and the stock trading below the 50sma it’s not looking good short and intermediate term for the transports and therefor the rest of the market. Watch closely.
Source: https://totalinvestor.blogspot.com/2021/08/iyt-transportation-average-ishares-etf.html
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