$U.S. Global Jets ETF(JETS)$ Consolidates at $29.36: Awaiting Breakout as Airline Sector Hovers Near Key Resistance 🔄 A key driver is the rotation into global equities by hedge funds (per Goldman Sachs), which could benefit cyclical sectors like airlines. However, no major airline-specific catalysts were present in today's news flow, leading to consolidation. Weekly Outlook: Expect continued consolidation between $29.10 and $29.70. A decisive close above $29.70 could target a retest of the $30.50-$31.33 zone. A break below $29.10 may see a pullback towards the $28.50 support level.
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