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♟ Check Out This Squeeze on a Crucial Index

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"If this index breaks down, others could follow."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Right now, the SPY is showing signs of an upcoming shift.

However, it could be a day or two before that shift happens.

So I'm looking at another key indicator - the iShares U.S. Transportation ETF (IYT).

The IYT has a clear squeeze (as you'll see in the chart below). In today's video, I show you why - when combined with the SPY trend - this squeeze could mean it's time to trade to the downside.

Click the image below for more details.

Why I'm Bearish On The SPY
 

The World's Next Big Tech Boom

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This new technology is predicted to be worth $13 trillion by 2030...

Apple's CEO says, "We will look back on [it] one day and say, 'How did we live our lives without it?'"

One top investor in upcoming trends, who made early bets on Facebook, Instagram and Twitter, has already invested $600 million in this new tech.

And Fortune reports that it "might be the most important trend in tech since the iPhone."

One expert calls it "XRI"... and soon everyone will be talking about it.

Go here to see why.

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YOUR ACTION PLAN

I'm looking to short the SPDR S&P 500 ETF (NYSE: SPY). I want to use a possible head and shoulders top, and I'm looking for a bigger move down in the SPY to close the gap around $396. I'm also looking at the IYT, which can be a leading indicator. It's in a weekly squeeze and looks bearish to me. If the IYT starts to break down, I think the SPY will follow. Right now, tech is holding everything up.

SPDR S&P 500 ETF Chart

(Click to enlarge)

If you want to follow along as I make trades like this in real time, I invite you to join my Daily Profits Live. You can look over my shoulder as I make LIVE trades. I'll use the same trading system that helped me turn $37,000 to $1 million in verified trading profits over three years. I'm challenging myself to build another million-dollar portfolio - right before your eyes. I'll give you all the details of every move I make... so you can make the exact same trades I do, if you choose. Click Here to Check It Out!

This ONE Weekly Trade Is on Fire

Watch This Video TPU 85
 

Former CBOE Trader Dishes the Secret to His 83% Win Rate

Now he's GUARANTEEING he beats it!

You have to watch this.

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TESTIMONIAL TUESDAY

"I closed the 2 shares/Contracts [of PYPL] I opened at $5.35 for $6.92. Thanks, Bryan, for the overnight 29%!"
- JDA

"Filled [USB preferred stock] at $16.69. >10% profit in less than 1 week. Thanks, Karim!"
- Robert D5

 

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