DTCR: Bullish breakout and retest pattern

Similar to the setup recently highlighted in the ARK Autonomous Technology & Robotics ETF (ARKQ) in this blog on Monday (11/24), the Global X Data Center & Digital Infrastructure ETF (DTCR) is also retesting a major bullish breakout zone.

DTCR is retesting its bullish breakout from a late 2021 into late 2025 big base. We view the breakout and retest zone at 19.61-19.00 as a big support for both DTCR and the broader U.S. equity market since holding this key level would confirm the big base breakout on DTCR and point to an improving risk-on tone for U.S. equities. Rising 26- and 40-week moving averages from 19.74 down to 18.70 reinforce the bullish breakout for DTCR.

The big base breakout favors additional upside toward pattern counts at 24.75 and 27.00. A decisive break below 19.74–18.70—the combination of chart support and the 26-/40-week moving averages—would be required to invalidate the bullish view for DTCR.

Chart 1: Global X Data Center & Digital Infrastructure ETF (DTCR)