TUR has been in a sideways consolidation since mid 2018. In Dec 2021 (3rd week of month), demand showed up in a major after washing out and springing the multi year lows (08/18, 3/20, 10/20). This was was the widest spread bar, on the highest volume in this multi consolidation since the climactic low in Aug 2018; price closed near the highs and is emblematic of buyers stepping forward in a major way. Even more constructive, after this spring price drifted lower and tested the demand area successfully: in late Feb another wide spread bar printed on an uptick in volume and closed well off the lows in the upper third of the range. This suggests there was a fair amount of buying going on during the week as buyers were able to negate sellers and push price up. After this successful test we then see an immediate, positive reaction upwards which shows us some conviction/follow through - also very bullish. Given the selling we witnessed this past week, I'm waiting on a backup to the broken resistance (around $21, early Jan highs) for a spot to jump in here. Any demand showing up around this area warrants a swing long with first target being the upper band of the larger consolidation ($28-$30). There is plenty of cause here as this ETF has been consolidating for 3+ years. If we don't see any demand show up on the way down toward $21 then no problem, just a candidate at this point.