FDN Downtrend not confirmed done yet

AMEX:FDN   First Trust DJ Internet Index Fund
This internet ETF is close to cross out of the bearish phase but not quite yet. Odds look good first of the week that FANG will turn the corner. Just be careful assuming the down trend is done. The 1 hr down trend could easily just get another leg lower once it touches trend change. I for 1 think we see an earnings run up in the markets next week. We just can't assume the trade that has worked for 9 years will continue here.


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