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The Industrial Sector (XLI) : Second Breakout?
June 9 2016 ​( From TradingView )
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​​​​The Situation

​​​Since the bottom price at 46.82 reached on January 20 2016,
the Industrial Sector ETF (XLI) had a strong bull phase and 
reached almost the previous high of February 2015.​
​​( First chart below ).​​

It is trading within a Range Trade Channel that started back
since ​April 6 2016 anod now near Support Zone.
​(See first chart below - Channel).

​​​​It is now testing the Second Major Resistance Trendline that
started back since February 25 2016 but on a weak volume.
(See first chart below - Red Trendline -Ellipses)​

​​
The Industrial Sector ETF (XLI) started to outperform since ​January 25 2016 ​​compare to the Mighty SP500 (SPY ETF)... ​ ​We broke on February 4 2016 the major resistance trendline ​on a relative basis. 
(See second chart below - Yellow Trendline - Ellipse). But we are still far on a relative basis of the level reached back on June 9 2014 for the XLI ETF. We are now testing the 50 DMA (Da Moving Average) on a relative basis.
(See Second chart below - Red Line).

Performance on a relative basis have been weak lately and the XLI ETF is just catching up price wise on the broad market, not a sign of strenght indeed. (See second chart below).



​​






The Industrial Sector (XLI) : Second Breakout?  $SPY, $XLI #Trading #Investing #SP500 #xli
DAILY RATIO
Industrial Sector ​ ETF XLI
over SP500 Index ( Candles )
​​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )

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 )​
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Financialiceberg.com