Wow, you blew that call! Now is the time to wait for a break in the trend and then short...The market still might make a run to kiss the highs and then dive or it happens a little sooner. Be ready...Look at MON and BLK...Both VERY extended...The trap door is ready to open.
IYT kissed the highs and continues higher. Shorting it is like fighting the Fed and the recovery. But technically speaking IYT rally is topping. I started a small short position today at 105.30. Start with a small position because overbought condition may persist and nobody knows when it will roll over until it rolls over. Hopefully, it will rollover very soon. For the experts, would you rather wait until it rolls over or start shorting now?