ZOOM JETS Recovery Indicator

Keep an eye on money flows between ZOOM videos and JETS Airline ETF as a supportive leading indicator for economic recovery.
Bounce off support for ZOOM & double top in JETS does not support a recovery any time soon. My bearish bias continues.

Kommentera:

Once again we see Airlines down ZM up as I expected. Vaccine news may have gotten everyone excited and FOMO kicked in but the reality is we are still very far from getting the benefits from a vaccine.