April 1 Chart of the Day - Global X U.S. Infrastructure Development ETF
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
The Global X U.S. Infrastructure Development ETF (PAVE) allocates at least 80% of its assets to securities included in its underlying index. This index tracks the performance of U.S.-listed companies that are integral to domestic infrastructure development.
These include firms engaged in construction and engineering, the production of raw materials and composite products, industrial transportation, and manufacturers or distributors of heavy construction equipment.
During periods of persistent tariffs or inflation, Infrastructure and Materials sectors often stand to benefit disproportionately. This is largely because governments tend to counteract these economic pressures with increased infrastructure investment and incentives aimed at reshoring critical industries.
In anticipation of new tariffs scheduled for April 2 this analysis will take a price action technical analysis approach to assess key levels and potential next moves for the ETF share price.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
Since May 2023, we've delivered over 475 high-impact Charts of the Day and provide elite-level Price Action Trading education — 100% FREE — to traders inside our highly-rated Trade Room.
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Monthly Chart
While we generally prefer to analyze charts with a minimum of 5–10 years of historical data, we’re also open to reviewing charts that demonstrate technically sound price action patterns like this one has the past two years.
On the monthly chart we can see that since the fund's inception price set its $46.18 all time high (ATH) in late 2024.
With little to no prior price history at or near ATHs, price often enters what we call a "discovery phase" to establish new market structure.
In this scenario, price seemingly sped through the discovery phase and quickly faded back down towards previous and familiar price structure bypassing previous support/resistant levels.
Volatility is a common price action behavior, though it tends to be unpopular among investors.
Weekly Chart
On the weekly chart we can see where price has made a series of higher highs and higher lows /aka/ an uptrend since April 2020.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We've layered in traditional low to high and advanced high to high Fibonacci levels as well as support/resistance and trend to help identify potential price levels of interest and/or future price targets.
Armed with precision oriented charts like these both traders and investors can formulate their respective plans.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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