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Transports ETF looks to be having some challenges with its 2007/08 highs and is breaking short-term support. Crude Oil causing this challenge? I have no idea, yet if long IYT I would want to harvest the position and see if it can break resistance!
With this situation in the S&P 500, I think the short-term break in IYT should get extra respect (see 500 situation here)
