Transportation ETF (IYT):

Below looks at the pattern of IYT over the past few years:

IYT is testing rising support, which could be a support test of a bearish rising wedge pattern. At this time the trend is up, despite the year-long divergence.

What IYT does at (1), could send an important ST message to the key sector. Sometimes in history, how this key sector does, can send an important message to the broad market.

We humbly feel what IYT does at (1), could end up sending an important intermediate message to the sector and the broad market.