Dc1392

JETS uptrend continuing

AMEX:JETS   U.S. Global Jets ETF
Daily chart on JETS shows a very good setup for a move up to test previous highs, and perhaps break the line of resistance for a move higher. Futures are down a bit at the time of writing this and it will be interesting to see how the market does overall this week. MACD is closing red getting ready to turn green while the RSI is heading up. Look at the uptrend channel on my chart and look how it has bounced off the bottom line of the uptrend channel. Giving this a price target of 30 dollars. Very bullish on this ETF with everything reopening and easing off of the restrictions.
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