Healthcare Sector ( XLV )

FINANCIAL ICEBERG

Always consider hidden risks

TECHNICALS

The Healthcare Sector (XLV) : In a Falling Wedge?
May 20 2016 ( From TradingView )

If you would like to receive our free daily markets updates, please Sign-Up

The Situation

The Healthcare Sector ETF (XLV), since making that all time high at 77.40 on
July 20 2015 is within a lower highs and lower lows technical pattern.
(See first chart below).

It is now trading within a Falling Wedge that started back since
April 22 2016. (See first chart below - Blue Trendlines).

The XLV ETF is flirting since April 29 2019 near the 200 DMA (Day Moving
Average) within a slow bleed trading pattern.(See first chart below - Green Line - Ellipse ).
And as we are staying near the 200 DMA (Day MovingAverage) on the
Healthcare Sector ETF (XLV), we are at a Major Support Trendline from a
previous Breakout Zone Trendline that started back since August 6 2015.
(See first chart below - Red Trendline - Ellipse).

The XLV ETF is within a congestion zone as it stays near the 50 and 200 DMA (Day Moving Average).
That is one the challenge Bulls face in the next few trading sessions.
(See first chart below - Red and Green Lines).

The Healthcare Sector ETF (XLV) started to outperform tremendously compare to the Mighty SP500 (SPY ETF) since March 21 2016. That ratio (Healthcare Sector ETF (XLV) over SPY ETF) since then broke only a relative basis the 20 DMA (Day Moving Average) (See second chart below - Yellow Line) and unable to reach yet the 200 DMA (See second chart below - Green Line) which is the real challenge for Bulls...

.

The Healthcare Sector (XLV) : In a Falling Wedge? $SPY, $XLV #xlv #Investing #SP500

RATIO
Healthcare Sector ETF XLV
over SP500 Index - SPY ETF (Daily Candles)
20 DMA ( Yellow Line )
50 DMA ( Red Line )
200 DMA ( Green Line )

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

Financialiceberg.Com

Healthcare
Sector
ETF
(XLV)