150 massive resistance... Sell here & sell at 149
Downside open-ended here.
If your trendline is drawn from some previous point, as it looks like yours might be, it appears its angle would have to be changed to incorporate but not pass through lows made in mid-April in any case, which would again have IYT bouncing off of such a line. I'm not trying to bash your work, as I've really enjoyed reading it, and I'm new to this community as well I was more trying to start a dialogue. And I'm not saying I disagree with your conclusion, particularly if IYT rallies up to 150 and is rejected over the next week.