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Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
not pretty but not really in jeopardy, just yet..8500 level scarier.
Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe.
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Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
not pretty but not really in jeopardy, just yet..8500 level scarier.
Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe.
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
not pretty but not really in jeopardy, just yet..8500 level scarier.
Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe.
And now a close < 50w SMA
yes, not pretty , but still some play i think, IYT imp level>>>