FINANCIAL ICEBERG
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 TECHNICALS
The Industrial Sector (XLI) : Above the 50 DMA ?
August 18 ​( From TradingView )
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​​​​The Situation

​

​​The Industrial Sector ETF ( XLI ) started to outperform since 
​July 27 ​​compare to  ​the Mighty SP500... ​ The 21 Day Moving 
​Average (DMA) on that​ ratio turned upward on August 13 - ​
​meaning ​​the underperformance of XLI. ​ The last time this ratio 
​reached that level of valuation was back in May 2013.​
​(See second chart below - Red Trendline - Ellipses).

​​​The 20 DMA (Day Moving Average) level ( yellow line - first chart below ) 
​​on ​​XLI ETF then at 56.26 crossed below on June 15 the 50 DMA then at 
​56.30 ​( First chart below ).

We closed on June 24 below the 200 DMA on the XLI ETF then at 55.64​​. Closing price on July 21 was 54.34.
​( See First chart below - Ellipse - Green Line ).
​
On June 25, XLI broke the Support Trendline form a Falling
​Wedge​ that started back on February 25 2015 then at 55.29. ​( See First chart below - Red Trendline ).


​​​​​​The Industrial Sector ETF ( XLI ) is still within an uptrend channel that started on July 27 with 53.52 support and 55.28 as resistance.
​ ( See first Chart Below  ).

But the most interesting fact ( and very few noticed ) is that we had a Death Cross on July 16 on the Industrial Sector ETF ( XLI ). ​( See first Chart Below - Ellipse  ).

The ​​Industrial Sector ETF ( XLI ) closed above the 50 DMA (Day Moving Average) on August 17 but the real challenge for Bulls is to break the Resistance Trendline from a Falling Wedge at 55.49. 
( See first Chart Below - Red Trendline - Ellipse  ).




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The Industrial Sector (XLI) : Above the 50 DMA ?   $SPY, $XLI #Trading #Investing #SP500 #xli


RATIO
Industrial Sector ​ ETF XLI
over SP500 Index ( Blue Line )
21 DMA ( Amber Line )​

SP500 Index​ ( Candle )


Industrial Sector  ETF XLI
Daily Candles​
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​







Financialiceberg.com


Financialiceberg.com