AMEX:IYT   ISHARES TRUST TRANSPORTATION AVERAGE ETF FD
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Massive bearish outside bar ( aka engulfing ) pointing to continuation of the small down trend. At the same time a pennant is also being formed. That being said I have been burnt going short in this market before (not the same sector though) and I'd really need strong reasons to go short.
To be specific, in $IYT chart a strong demand zone is at around 182 which limits the space for a short trade right now.
Order cancelled: Triangle didn't break to the anticipated direction.

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