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Materials Select Sector SPDR
Updated

XLB eyes on $85: Proven Support zone to End Bounce or to Break?

36
XLB has recovered the tariff tantrum dumps.
But struggling against a proven resistance zone.
Dip is likely, Break-n-Retest means Strong bull.

$84.61-85.24 (red) is the exact zone of concern.
$79.66-80.27 (green) is first strong support below.
$71.71-72.23 (Gold) a double golden major support.

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Trade active
POP and POP
snapshot (yellow shaded area is from posting time)
PERFECT entry from our zone to EXACT exits.
Closed 25% at each, placed SL are Break Even.

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What next?
snapshot Next two targets are some distance away.
Looking for $97.61 for TP3, then $105.66.
So holding SL at BE and sitting out a long ride.

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EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
FibonaccigoldenratioSupport and Resistance

Related publications

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FibonaccigoldenratioSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.