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GUMBY9662C
Oct 5, 2018 9:41 AM

IYT Extremely extended Longer Term 

iShares Trust iShares U.S. Transportation ETFArca

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It's be a historic long run for this bull market. The monthly fib fans have continued hire actually along a bearish fib fan. We might be drifting away from the long term trend and breaking the shorter term up trend right here. This is one of the critical market signals. Technically, I think this is ready to roll. The whole tariff talk has helped drive transports with business building up inventories ahead of the implementation. I am not calling it a short yet but going into Christmas is a likely time where Transports retreat.
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