Home > charting trendlines, Financial Ponzi, investing, Stock Market, technical analysis > Transports also at a Resistance crossroad

Transports also at a Resistance crossroad

Many economists like to look to Transports for a clue on the health of the broad economy. The Dow Jones Transports ETF (IYT) has rallied up to a clear resistance trend line that has been in place for the last two years.  The broader pattern is a pennant, which is pretty neutral.  A break higher for IYT would support the idea that markets are ready to rally into year end.

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