crakehair

Are Transports signaling a broad market top?

Short
AMEX:IYT   iShares Trust iShares U.S. Transportation ETF
Transports tend to lead the markets. and this is a very key level. looking on a monthly time frame You can see transports just hit the top of the trendline that dates back to 2009. In the instance every time market either cooled down or sold off fairly sharply. is the parabolic move over? Transports might be the key to tell us it is. I am currently short IYT and will close the short on prior ATH. target price 190.
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