Investors and swing traders should be ready for further downside in the transports, with the downside target being a possible $235.00.
The Transportation ETF (IYT) is putting in a classic bear flag on the daily stock chart. Just two weeks ago the IYT put in a topping tail as well. This is a major top signal and saw the transports coming in prior to making this bear flag. Investors and swing traders should be ready for further downside in the transports, with the downside target being a possible $235.00.
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