SELECT SECTOR SPDR CONSUMER STAPLES ETF - XLP
Monthly chart shows price above up trendline in place. Moving average ribbons in proper order. If current support hold, then look for test of current high.
Weekly chart shows resistance at the .618 fib retracement level. Eager bulls gapped up the price at the beginning of the week, but were soon met with bears, who tried to take price down.
Daily chart shows sloppy price movement up into current $28 area high. Look for weakness to start the move to test the current $24.40 area low.
Sunday, February 24, 2008
XLP Update for 02.24.2008
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