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The $87.70-$87.75 area on the 30-minute chart of the IYT (ETF for transportation stocks) is giving you an important reference point here. Below it, and you can see that a potential swift gap-fill looms. Thus far today, the bulls once again defended that level on the opening move lower. That said, if the afternoon selling picks up this could get real ugly, real fast. Watch this area closely as a tell.
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