
The volume looks small right now, especially compared to the buying volumes after this index dug a low on the key March 6-9 reversal time frame and after it regained the 2600 level we describe as important. So we'll continue to watch this development for whether this is an orderly or short-term pullback, or becomes something more concerning.
This chart shows the IYT which is an exchange-traded fund for the Dow Transports index.
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