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How the Tranports do can say a ton about the overall economy! At this time IYT hit key Resistance at the top of a wedge, which looks to have broken some of its upside strength. On a short-term basis, IYT has broken a short-term support line at (2), yet nothing has really been proven at this time.
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Should IYT push further away from the broken support line, it would be hinting that the economy is getting off track! No doubt this is a dangerous pattern for this leading indicator!!!
