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Dec 23, 2020 10:39 PM

FNGU Undergoing Seasonal Downtrend Long

MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038Arca

Description

FNGU tracks the NYSE FANG+ Index ans the NYSE FANG+ Index almost always starts a downtrend in mid December, which last until the first week of January when it resumes an uptrend. Since this is what almost always happens, it is safe to assume it'll repeat the same process. So entry into FNGU is idea on the final trading day of the year unless the downtrend ends sooner, which has happened before.
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