IYT and oil means everything right now

If oil bounces here, off its new support, IYT will NOT like it, and break through to the downside the long term trend line, and the link between DOWI and IYT will see the DOWI fail to bring up the IYT to it, and it will be the IYT dragging the DOWI down to it, resulting in a multi year double top. This green triangle is a multi year event.