IYT: Bullish breakout on Transport ETF?
The Transport ETF, IYT, looks to have made a Bull Flag breakout.
Price action is still pegged by the recent High resistance zone of $207 for now though so watch for any new make or break from there.
The Flag pole height here is about $80 and so technical theory would suggest that any bullish continuation might extend by that amount.
Keep an eye on the $207 level!
A round up of how I'm seeing charts of global stock index majors can be found through this link: www.tradecharting.co...rket-chart-round-up/
Price action is still pegged by the recent High resistance zone of $207 for now though so watch for any new make or break from there.
The Flag pole height here is about $80 and so technical theory would suggest that any bullish continuation might extend by that amount.
Keep an eye on the $207 level!
A round up of how I'm seeing charts of global stock index majors can be found through this link: www.tradecharting.co...rket-chart-round-up/