Systematic Strategies and Next Level Technical Analysis

Video – Non-tech Leaders – Blockchain, Telecom, Banking, Defense, Infrastructure

Video Headlines

  • BLOK and IYZ: Rim Resistance turns First Support
  • KBWB Leads Banking ETFs with Fresh High
  • Aerospace & Defense ETF Remains Overextended
  • Infrastructure ETF with Rising Price-relative
  • AMLP Underperforms, but Gets Breakout
  • GLD Becomes Oversold with Uptrend
  • Bitcoin Forms High and Tight Consolidation

Rim Resistance turns into the first Support Zone

Rim Resistance turns into the first Support Zone

KBWB is Powering XLF (KRE & KBE Show Relative Weakness)

ITA is Long-term Bullish, but Very Overbought

IFRA is Closing in a 52-week High

GLD is still in a Long-term Uptrend with a Bullish Pattern Forming

IGV Support is set in the 100-105 Area

IBIT Remains in a Leading Uptrend

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Video – Tech ETFs Lead, but Extended – CIBR Short-term Relative Weakness

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Tech-related ETFs are leading the market with massive moves the last three months. They are in strong uptrends, but getting overextended and ripe for a corrective period. For example, the ARK Fintech Innovation ETF (ARKF) and ARK Innovation ETF (ARKK) are up around 50% since May. Straight up. Today’s video will highlight the overbought conditions and show the support zones to watch going forward.

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