FINANCIAL ICEBERG
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 TECHNICALS
The Industrial Sector (XLI) : Can you give me a Break?
August 31 2016 ​( From TradingView )
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​​​​The Situation

​​​Since the bottom price at 52.78 reached on June 27 2016,the
post Brexit panic, the ​​Industrial ​Sector ETF (XLI ETF) had a very
​strong bull phase and reached a new high ever on August 23 2016
at 59.34. ​
​​(See First chart below ).​​

It is trading within a tiny Rising Wedge that started back since
​July 20 2016. We are within a Price Compression Phase on the
XLI ETF and near a Breakout or Breakdown.​

​ ​(See first chart below - Blue and Grey Trendlines - Ellipse).

​​​​As we are now testing the Resistance of that Rising Wedge, it is
​done within a lower Volume trading environment, not a strong technical pattern yet... 
​( See first chart below - Bottom Right - Blue Area)

​​​​The Industrial Sector ETF (XLI) started to outperform since ​August 3 2016 ​​compare to the Mighty SP500 Index (SPY ETF) after testing the Support Trendline on a Relative Basis... ​ ​(See Second chart below - Blue Line - Ellipse).

But the real interesting part is at a time were the XLI ETF is in strong price compression, we are testing on a relative basis (ratio of XLI to SPY ETF), a Major Resistance Trendline that started back since June 2014!
​Please, can you give me a break here! LOL!  
   (See second chart below - Red Trendline - Ellipse).



​​






The Industrial Sector (XLI) : Can you give me a Break?  $SPY, $XLI #Trading #Investing #SP500 #stocks #industrials#industrials
DAILY RATIO
Industrial Sector ​ ETF XLI
over SP500 Index ( SPY ETF -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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