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XLV Surges As it Confronts Key Resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    From a P&F perspective, let's notice that the Health Care Select Sector SPDR ETF (XLV) is pushing up towards a challenge of key resistance at 68.25 to 68.40, which if hurdled on a 68.55 print, will trigger a significant buy signal that projects to 72.50 to 73.00 thereafter. At this juncture, only a decline that prints 66.15 will weaken the current set-up, while a print of 65.25 will invalidate the set-up altogether.

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