AMEX:FNGD   MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038
At an all time low. Leveraged x3 so can be very volatile. This ETF SHORTS the FANG stocks. Not an ETF to fool around with or stay too long as it consists of some very strong momentum stocks. Top ten holdings below.

Falling Wedge noted. Both lines slope down and converge at the apex.
Falling wedges are usually found at the bottom or after a severe pullback.
They are bullish if the top line is broken with a confirmed upward trend. Some would use 2 closes as confirmation but we are all different and so is each security.

No recommendation.

“The function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith

Top 10 Holdings
Meta Platforms Inc Class A
Tesla Inc
Advanced Micro Devices Inc
Netflix Inc
Apple Inc
9.39% Inc
Snowflake Inc Ordinary Shares - Class A
Microsoft Corp
Alphabet Inc Class A

The note seeks to track -3x of the daily performance of the NYSE FANG+ Index, total return. The index comprises of public equity markets of the United States. It takes short positions and uses derivatives to include the stocks of companies operating in the technology and consumer discretionary sectors. The index comprises of growth stocks of companies across diversified market capitalizations. The ETN will mature on January 8, 2038. MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 was formed on January 22, 2018 and is domiciled in the United States.
The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. Benchmark: NYSE FANG+ TR USD

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