SPDR Select Sector Fund – Industrial Stock Code XLI.NYS
Outlook
Price has been trying to move above the cloud in the previous three trading sessions but was capped by the lower edge of the cloud, keeping the bearish price trend intact. Conversion line and base line remain in a bullish crossover but could be changing trend soon, as both lines are approaching each other. Lagging Span is below price of 26 days ago but is inside the cloud at the moment. MACD remains bearish. If price is unable to move above the cloud, it could be heading towards the previous low support at $95.20 in the next 2-3 weeks.
Strategy
$99.85 Sell
$95.20 Price Target
$101.90 Risk Management Stop
3 weeks Trade Duration
