In this world of crosscurrents and 10% pullbacks, The Nuclear ETF (NLR) was no different. It has made about a 10% pullback off the highs.
But unlike the S&P 500 ($SPX), the NLR made it’s highs in March not September. So while this looks the same it feels different. We have broken down through the support level and have competed a rounded top or double top. This is an important chart to watch right now.