iShares Expanded Tech-Software Sector ETF (IGV US)

This software ETF bounced +1.6% overnight and while Its most definitely not for the faint-hearted it has reached our technical target identified a few weeks ago, and we wouldn’t be surprised to see at least a ~10% bounce following the overnight recovery in the sector. However, not all boats rose as one with Xero competitor Intuit struggling to make gains, but if we are correct, the gains should become more broad-based.

• We can see the IGV bouncing 10-15% over the coming weeks.