$DEFN (3x Bull Defense and Aerospace ETF) Weekly trend chart. The trend is looking great and will likely see more upside. Recently, it bounced off the 50 WMA and just stopped short of the recent high of $36.30. With Trump back in office, I'm expecting this to be a booming sector this year. Last year, this ETF went up over 100%, and I think it could do that again this year.

The next peak should be in the $42 range, but will likely find some resistance around $39, which is the .618 fib retracement to the all-time high.