The Medical Device ETF is breaking a trend line
We have tracked market leadership by the SOX>NDX>SPX chain closely in NFTRH. It is one of the keys to an ongoing bullish stance. But here is another traditional leader we have tracked/traded/picked components of for several years.
IHI is in a stance that would put pain to bears if it starts playing catch up.
Double bottom vs. SPY?
Here is the long-term view of IHI/SPY. Leadership has been tested hard but as of now is still intact.
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