We noted in NFTRH 336 that these ETFs had short-term support levels lower than where the prices stood as of the end of last week. Today they reside at those support levels. So as noted, if they are going to resume the rally, it should come from around these levels.
We should not yet read anything more into this than the above support levels being parameters on whether the bounce is going to resume after the pullback. If it is, this [is] the area it should reverse from.
