Technical, with the bullish hidden divergence where price doesn't fall alot but MACD looks oversold, i bet that a reversal is nearing, which continues the uptrend
and we have 3 consistent weeks of dip buyers making the 8600 support really strong
it looks like a bull flag if it breaks UP
i will presume IYT also looks the same (which will be a good long), will attach IYT as well as the DOWT 20 constituents chart below
NOTE: a break down below 8600 and a weekly close below the 2009 uptrend line will not support the bullishness case
and we have 3 consistent weeks of dip buyers making the 8600 support really strong
it looks like a bull flag if it breaks UP
i will presume IYT also looks the same (which will be a good long), will attach IYT as well as the DOWT 20 constituents chart below
NOTE: a break down below 8600 and a weekly close below the 2009 uptrend line will not support the bullishness case
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like i said, if bull flag fails
there is a possibility of HS
there is a possibility of HS
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