Stock Markets Analysis and Opinion

11 ETF Charts Highlighting Potential Gap Reversals

2022.06.16 07:51

Last time we were starting a counter-trend rally, I presented a series of ETFs with some sensible target prices for resistance. I have done that below with a variety of, among other things, index and sector ETFs—iShares MSCI Eurozone ETF (NYSE:EZU), iShares Russell 2000 ETF (NYSE:IWM), iShares U.S. Real Estate ETF (NYSE:IYR), SPDR® S&P Midcap 400 ETF Trust (NYSE:MDY), iShares S&P 100 ETF (NYSE:OEF), VanEck Semiconductor ETF (NASDAQ:SMH), SPDR® S&P 500 (NYSE:SPY), Financial Select Sector SPDR® Fund (NYSE:XLF), Industrial Select Sector SPDR® Fund (NYSE:XLI), XLV and SPDR® Dow Jones Industrial Average ETF Trust (NYSE:DIA)—and in every case I am simply highlighting the Friday/Monday price gap (AKA the low from Friday).

These are the key levels to watch for meaningful reversals, assuming this counter-trend bounce isn’t as insanely robust as some of my peers are saying (like 4400 on the /ES…….)

11 ETF Charts Highlighting Potential Gap ReversalsEZU Chart

11 ETF Charts Highlighting Potential Gap ReversalsIWM Chart

11 ETF Charts Highlighting Potential Gap ReversalsIYR Chart

11 ETF Charts Highlighting Potential Gap ReversalsMDY Chart

11 ETF Charts Highlighting Potential Gap ReversalsOEF Chart

11 ETF Charts Highlighting Potential Gap ReversalsSMH Chart

11 ETF Charts Highlighting Potential Gap ReversalsSPY Chart

11 ETF Charts Highlighting Potential Gap ReversalsXLF Chart

11 ETF Charts Highlighting Potential Gap ReversalsXLI Chart

11 ETF Charts Highlighting Potential Gap ReversalsXLV Chart

11 ETF Charts Highlighting Potential Gap ReversalsDIA Chart

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