SELECT SECTOR SPDR HEALTH CARE ETF - XLV
Monthly chart shows current indecision between the bulls and the bears. The key LIS and s/r at $33 area seems to be holding as support -- "old resistance becomes new support". No buy signal/pattern evident on this timeframe.
Weekly chart shows past week's price action resulted in a doji, signaling indecision between the bulls and the bears. Price seems to be stuck in a consolidation/trading range. No buy signal/pattern evident on this timeframe.
Daily chart better shows the consolidation/trading range. Look to next week's trading activity for better sense of short term direction.
Sunday, February 24, 2008
XLV Update for 02.24.2008
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