Update on the LIT chart shows that during the stages price...

Update on the LIT chart shows that during the stages price action reached the upper line of the symmetrical triangle, but was rejected in line with what happened on the major indices like the DOW and the S&P 500. As for the major indices, I previously mention my concerns. These concerns now have strengthened, because they have broken out of their respective pattern - namely Trend Ending Diagonals in wave 5s! So further drops IMCO are likely. Meaning LTR will have to make its own supportive news to hold current SP levels or improve on them.
The drawdowns on the mentioned indices was mainly caused by rising tensions around Israel and Teheran and therefore the resulting increase in the price of oil, which could invigorate the inflation levels and with that delay the foreshadowed interest rate reductions for later this year.