A fund of funds is looking for its mojo.
“To everything there is a season.” Whoever thought that would apply to exchange-traded funds?
A look at the price trajectory of the Innovator IBD ETF Leaders ETF ([[LDRS]]), though, has some market technicians convinced that this may be the turnaround season for the year-old portfolio.
It’s the triple bottom in the LDRS chart that’s got them persuaded. A reversal pattern, a triple bottom is created from three nearly equal lows. Generally, the wider the gap between then lows, the more powerful the pattern. Take a