NORTHERN TRUST 2055 TAX-EXEMPT DISTRIBUTING LADDER ETF (USD) MUND.US

A short-term bounce, not yet a trend change. Price is above SMA 20, but the moving averages are still falling, so being above them reflects a bounce inside a downtrend rather than a reversal. Wait for the averages to flatten and turn up before entering.

Trend broken. Two or more consecutive closes below SMA 50 signal that the medium-term trend has flipped. Exiting here is the rule rather than the exception.