azdevil

Houston we have a problem- Chart speaks for itself

Short
AMEX:XTN   SPDR S&P Transportation ETF
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2
Houston we have a problem- Chart speaks for itself

That's a ugly weekly candle, absolutely no hesitation at the 1.618. You know what they say about transports. This could be start of Waterfall crash. You could most likely short the market until this thing gets above the trendline Stop Loss there .