FINANCIAL ICEBERG
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 TECHNICALS
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)...
​





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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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