IYZ is a chart sitting in a barrel about to go over the water falls. Just as the blue lines show the overbot conditions, rising wedge and negative divergence, which created the spankdown for the February top, now the red lines have the same set up again. Telecom is about to feel a world of hurt, thus, TLL (ultrashort telecom) should jump nicely off of its positive divergence. This information is for educational and entertainment purposes only. Do not trade based on this information. Consult your financial advisor before making any investment decision.
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