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Robertlesnicki
Apr 1, 2022 9:09 PM

Transports weakening, an ominous sign for the markets? 

iShares Trust iShares U.S. Transportation ETFArca

Description

After making new highs in 2021, the transport ETF has failed to push to new highs on multiple occasions. This similar chart pattern also took place in 2008. There's an unfilled gap in the $148-152 level. That would be a logical target when/if this weakness continues. This is also a potential ominous sign for the overall markets if the 2008 playbook is repeating itself.....
Comments
DaddySawbucks
Some gaps never fill. There remains an unfilled gap in SPX on 14 July 2009 at 905. That price is hardly a magnet now...
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