AMEX:IYT ISHARES TRANSPORTATION AVERAGE ETF
IYT , the transportation , is forming a pattern. If the pattern fulfills its measured move of 20+ some points, we can see a big down move in the market. I am long the Mar 2016 137 puts. This is a weekly chart; so if the pattern carries more weight than the short term charts. The only downside as now is that it's somewhat oversold on a daily basis.
Trade active: TLT the neckline is clearly broken. FDX earnings failed to reverse trend so far.