IPO Is About To Fail

IPO used to be such a hot ETF to own for the "Buy The Dippers" The perma bulls couldn't wait for more stock to come to market.

As is always the case Euphoria eventually fades and reality hits hard. This chart is a great example of how greed and fear paint themselves on a chart.

Anyway, yet another bearish structure in this chart is CRACKING a key area issuing a WARNING!