$JETS to fall to $15 or lower

AMEX:JETS   U.S. Global Jets ETF
As you can see from the chart, price has been consolidating in this channel. After this last rejection trying to break out above the channel, I think it sets up JETS for a move much lower.

I think we're likely to see $JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if that first support can't hold.

Let's see what happens from here.


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