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.

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.

(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!

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