$FFTY – Innovator IBD 50 ETF (Weekly) The weekly price action has surpassed the 50-week MA level this week, which had not been achieved since June 2020. Moreover, there have been instances of notable increases in trading volume, indicating potential bottoming process. There is a significant support-turned-resistance level at $26 that needs to be cleared. At the same time, the 50-week MA is undergoing a transition from a declining pattern to a more flattened trajectory. Similar development is also observed in high beta $ARKK and $IPO ETF Thanks for reading. PS: If you enjoy the above curated article, you may follow me on twitter (@jfsrevg) to get daily market diary, trading ideas and intermittent reflection on life as a trader.
...$FFTY – Innovator IBD 50 ETF (Weekly)
The weekly price action has surpassed the 50-week MA level this week, which had not been achieved since June 2020. Moreover, there have
