The iShares Transportation Average (IYT, Financial) has recently established critical pivot points using the DeMark method, which are significant for predicting market trends. The Pivot High has been set at $62.36, while the Pivot Low is determined to be $59.94.
Investors and traders often interpret a breakout above the Pivot High as a bullish signal, suggesting a potential upward trend for (IYT, Financial). Conversely, if the price falls below the Pivot Low, it may be seen as a bearish signal, indicating a potential downward trend. These pivot points are watched closely by market participants to gauge future price movements and make informed trading decisions.
