The Transportation Index ETF IYT has had an impressive run over the last few months. New all-time highs were seen almost daily until last week when IYT staged an impressive engulfing reversal candle. This is about as bearish of a top as any chart can make. Since that happened and as the stock market makes new all-time highs, the Transports have stalled and formed a bearish flag pattern. This signals downside coming on the Transports. The IYT Transportation Index is likely to sell in the coming days, falling to $194.
