MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038Arca
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There is one gap, and one weak trend holding up this pump. TBH, in about 90% of cases I've seen, this weak trend won't hold up, and should favor the downside. This means that tech should be bullish in the upcoming week. With the current market, we can't really know how long that will last, but I assume now that the SIBV news has broke, along with the student debt news, I'd imagine we could see a small pump to technology incoming.
If that weak trend were to hold up allowing indicators to bottom out again, then a potential push to close that gap is possible.