$iShares Expanded Tech-Softwar

$iShares Expanded Tech-Software Sector ETF(IGV)$ Daily chart shows a W double bottom, with the jar filled at 108. A doji candle formed after a small dip near the EMA 4 support at 103.03. The close was just above EMA 4, and as long as that holds, the bulls stay in control. The doji points to indecision, and this zone will probably get resolved soon. If EMA 4 fails to hold, the 300 and 400 SMAs, lined up with ENA 13, could get tested. That support confluence would likely attract buyers. Bulls are watching for two things: a new high and a close above the closing price from the 10th.

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