FINANCIAL ICEBERG
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 TECHNICALS
The Industrial Sector (XLI) : At the Resistance Zone?
March 15 2016 ​( From TradingView )
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​​​​The Situation

​

​​The Industrial Sector ETF (XLI) started to outperform since 
​January 25 2016 ​​compare to the Mighty SP500 (SPY ETF)... ​ 
​The 20 Day Moving ​Average (DMA) on that​ ratio turned upward 
​on Febraury 4 2016 and also break then the resistance trendline 
​on a relative basis. ​(See second chart below - Red Trendline).

​​​Since the bottom price at 46.82 reached on January 20 2016,
the Industrial Sector ETF (XLI) had a strong bull phase and get
above the 20, 50 and 200 DMA ( Day Moving Average)​.
​​( First chart below ).

​​On March 1 2016, we had the 20 DMA (Day Moving Average - ​Yellow ​line - 1rst chart below) crossed above the 50 DMA (Red Line - ​1rst chart below​)​: a good technical sign for the ​Industrial ​Sector.​

We closed on March 14 2016 at the Major Resistance Trendline that started back since February 25 2015 on the XLI ETF. Closing price on March 14 was 54.09. ​(See First chart below - Ellipse - Green Line).
​
Interesting to note that at a time we are testing the Major Resistance Trendline, we are also at the 0.618 Fibonacci Retracement zone (taking the bottom price of January 20 2016 and the peak price reached on February 25 2015). ( See first Chart Below - Ellipse  ).




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The Industrial Sector (XLI) : At the Resistance Zone?  $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 )​







Financialiceberg.com


Financialiceberg.com