Healthcare Sector ( XLV )

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The Healthcare Sector (XLV) : Sickness Behavior ?
September 09 ( From TradingView )

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The Situation

The Healthcare Sector ETF ( XLV ) broke at 74.79 on August 20 2015 a main
uptrend channel that started on January.Closing price on September 8 was
70.60. ( See first chart below ).

It is now trading within a new downtrend channel that started back since
August 27 with 67.98 support and 71.73 as resistance. ( See first chart below ).

The XLV ETF broke on the downside on August 19 the 50 DMA ( Day Moving
Average ) then at 75.71. ( See first chart below - Ellipse - Red Trendline - Ellipse ).

The XLV ETF broke on the downside on August 21 the 200 DMA ( Day Moving
Average ) then at 72.54. ( See first chart below - Ellipse - Green Trendline - Ellipse ).

The Healthcare Sector ETF ( XLV ) started to underperform compare to the Mighty SP500 since August 5 2015 when it reached a high ever peak on a relative basis. The 20 DMA on that ratio start to fall since August 27.
( See second chart below - Vertical White Line )...

But the most interesting technical factor is that the Healthcare Sector ETF ( XLV ) main outperformance was when the Mighty SP500 was within a correction phase; Not this time... A New Technical Behavior Trend ?
Also observe that we are at the support level of the uptrend support line that started back in July 2014 on that ratio. ( See second chart below - Red Trendline)...

The Healthcare Sector (XLV) : Sickness Behavior ? $SPY, $XLV #xlv #Investing #SP500

RATIO
Healthcare Sector ETF XLV
over SP500 Index ( Blue Line )
20 DMA ( Amber Line )

Healthcare Sector ETF XLV
Daily Candles
20 DMA ( Yellow Line )
50 DMA ( Red Line )
200 DMA ( Green Line )

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