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AoverK

$IYT - Dow Transports - Short

Short
iShares Trust iShares U.S. Transportation ETF (BATS:IYT)  
AoverK  
BATS:IYT   iShares Trust iShares U.S. Transportation ETF
Trend Analysis Trend Lines Support and Resistance IYT transports Stocks etfs
4
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trendanalysis trendline supportandresistance iyt transports stocks etfs
Trade Thesis:
Short Dow Transports

The name is showing price weakness as it is wedged between 8 Day and 21 Day Moving average.
I will be monitoring this to see how the trend plays out.

Confirmations:
1. Lower lows and lower highs on Day chart
2. Lower lows and lower highs on Week chart
3. Below 8 Day EMA
4. Doji indicating price indecision on Week chart

Trade:
Short $IYT
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