Something of note on the LIT ETF.
Bollinger Band midpoint currently at 0 gradient.
Last 2 occasions of this highlighted in yellow.
On the daily LIT is poking its head out the channel. On the weekly it's hard to view.
But if it broke out it would be close to above the mid-point of the bollinger which is the same as the 2 previously highlighted yellow marks.
Slow stochastics showing a slight twist up and going to have a crack at the blue trend line.
For me to officially call a break of the wedge - I'd need to see a close on the weekly outside the wedge or stochastics pushing through the blue line. One will indicate the other.
Closest it's looked to breaking out
SF2TH
AVZ chart, page-7226
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