sumastardon
Long

FDN: Final stage of medium term internet ascent this week...

AMEX:FDN   FIRST TRUST EXCHANGE TRADED FUND DOW JONES INTERNET INDEX USD DIS
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FDN: First Trust Dow Jones Internet Index Fund - in 4th and likely final phase of the rally which began in early 2016. It can go on another 2% from here but then should hit problems. Use this index fund as confirmation next week - looking across the FAANGS for signs of completion. This looks like the final vertical ascent. Don't get sucked in now. Rather, get ready to bail if a swing trader.
Comment: Mistake on levels given here...a fall below 93 should see this index fall to 88.7 in first instance (not 90 as stated), so down nearer 5% in first phase of weakness on any fall below 93.
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