FDX has moved below the previously highlighted support level which has drawn prices on IYT below the symmetrical triangle/horizontal wedge-type pattern.  as today is OpEx, i’m not reading too much into these breakdowns yet although i do believe that they warrant monitoring next week.  keep in mind that although i do expect both FDX & IYT to continue to move lower, they are not official trade ideas.  i am merely following FDX right now because it is widely considered a key economic indicator.  for those interested in shorting either, feel free to contact me & i will be glad to email an annotated chart with some ideal support levels.