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Final time we have been beginning a counter-trend rally, I offered a sequence of ETFs with some smart goal costs for resistance. I’ve performed that beneath with quite a lot of, amongst different issues, index and sector ETFs—iShares MSCI Eurozone ETF (NYSE:), iShares ETF (NYSE:), iShares U.S. Actual Property ETF (NYSE:), SPDR® S&P Midcap 400 ETF Belief (NYSE:), iShares S&P 100 ETF (NYSE:), VanEck Semiconductor ETF (NASDAQ:), SPDR® (NYSE:), Monetary Choose Sector SPDR® Fund (NYSE:), Industrial Choose Sector SPDR® Fund (NYSE:), XLV and SPDR® ETF Belief (NYSE:)—and in each case I’m merely highlighting the Friday/Monday value hole (AKA the low from Friday).
These are the important thing ranges to observe for significant reversals, assuming this counter-trend bounce isn’t as insanely strong as a few of my friends are saying (like 4400 on the /…….)
IWM Chart
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