Transports Likely Headed To Double Top

 | Aug 07, 2018 03:22PM ET

The transportation index ETF (NYSE:IYT) is likely headed for a double top within a week. This is being signaled by IYT's chart, which just broke a recent high and has no further resistance until $206.50 – its double top. And that double top will be significant resistance and could see a pull back.