IYT, Forming Classic Head and Shoulders Pattern

11 Ara 2015

IYT, the transportation ETF, is forming a H&S 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.

18 Ara 2015

İşlem aktif

TLT the neckline is clearly broken. FDX earnings failed to reverse trend so far.