I highlighted bullish “ascending triangles” in the Trucking and Railroads post. (see post here)  Another potential bullish pattern is taking shape in the Transportation ETF (IYT) below.


Game Plan… Potential “Inverse Head & Shoulders” pattern at hand (ascending triangle/cup and handle too).  Neckline is the big key.  I am watching  IYT closely!  Will plan on being a buyer with a stop, if the neckline is taken out to the upside.  Bullish pattern if price can break the neckline!


How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past