Healthcare Sector ( XLV )

FINANCIAL ICEBERG

Always consider hidden risks

TECHNICALS

The Healthcare Sector (XLV) : Testing Major Support?
March 22 2016 ( From TradingView )

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The Situation

The Healthcare Sector ETF (XLV), since making tha 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 Downtrend Channel that started back since
March 9 2016. (See first chart below - Channel).

The XLV ETF broke on the downside on August 21 2015 the 200 DMA (Day Moving
Average) then at 72.54 and tested back without being able to break it.
(See first chart below - Green Trendline - Ellipse ).

The XLV ETF is within a congestion zone as near the 20 and 50 DMA (Day Moving Average).
That is one the challenge Bulls face in the next few trading sessions.
(See first chart below - Red Trendline).

The Healthcare Sector ETF (XLV) started to underperform tremendously compare to the Mighty SP500 (SPY ETF) since January 20 2016. That ratio (Healthcare Sector ETF (XLV) over SPY ETF) since then broke on a relative basis the 20, 50 and 200 DMA (Day Moving Average). (See second chart below)...

But the most interesting technical factor is that the Healthcare Sector ETF (XLV) is now on a relative basis (SPY ETF) at a Major Support Trendline that started back on February 22 2011. The Healthcare Sector is definitively at Crossroads... (See second chart below - Red Trendline - Ellipse)...

The Healthcare Sector (XLV) : Testing Major Support? $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)