The iShares Transportation Average ETF (IYT, Financial) is experiencing critical pivot points that could indicate future market movements. According to calculations using the DeMark method, the pivot high is set at $58.69, while the pivot low stands at $57.31.
These pivot points are crucial for traders and investors as they signal potential directions for the ETF. A movement above the pivot high of $58.69 could suggest a bullish trend is taking form, signaling potential buying opportunities. Conversely, if the price falls below the pivot low of $57.31, it might indicate a bearish trend, suggesting possible selling pressure.
Investors in IYT should closely monitor these levels to make informed decisions on their positions, as breaking through these pivot points may lead to significant shifts in market sentiment.
