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MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038
Short

$FNGU Bearish breakdown, Possible re-test of lower range of BB

FNGU 4-hour candles. After a massive run, FNGU has fallen out of the upward channel it's been in. We also see RSI breaking down below overbought zone and Stoch pulling down too. Also note falling volume as price has been increasing. This would appear to signal a change in trend. Now expecting a pullback to test the lower range of BB.

Disclosure: Long FNGD
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