We saw a strong rejection today at the resistance zone from February 2021.
The RSI shows VanEck to be overbought and I would expect a retracement down to the 0.23 or even to the 0.38 fib-level.
Stay alert to enter at better price.
SMOG is a low carbon energy ETF. This set up will be more affected by the technical than politics. If Biden wins it will most likely reverse and retest with the green resistance, if Trump wins it will most likely retest red support. Play the break out on both sides if any of the trend lines break. From a purely technical standpoint, SMOG will most likely downward...
