SELECT SECTOR SPDR CONSUMER DISCRETIONARY ETF - XLY
Monthly chart shows continued selling pressure. No buy signal/pattern evident on this timeframe. When the current support breaks, the next downside target is the .786 fib level.
Weekly chart shows continued selling pressure. No buy signal/pattern evident on this timeframe. Trading activity shows consolidation/trading range before the next move down.
Daily chart shows consolidation/trading range. Look for eventual break of current support and a lower low to be made.
Saturday, March 15, 2008
Consumer Discretionary Sector Update for 03.15.2008
Posted by TraderZ at 3/15/2008 03:42:00 PM
Labels: Consumer Discretionary, XLY
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