“Nevertheless, technically, SKYY 20-period volatility – close-to-close reached 3 year high given key reversal/swings of past 2 weeks, keeping risks skewed to downside,” reports Reuters. “Coming under $29.39 support can see ETF threaten a weekly gap fill to $28.66 even test of Sep/Aug lows in $27.38/$26.01 area.”
SKYY needs “to reclaim resistance in $29.82/$30.60 area, with calming volatility, to refocus on $31.71+,” adds Reuters.
First Trust ISE Cloud Computing Index Fund
