XLI : No Buyers Yet
XLI has had a picture perfect breakdown.
We warned our members of this last week.
this pattern technically has more downside but it is very oversold and were approaching the breakout trend line as well as many weeks of consolidation & support.
A bounce is most likely as the daily chart is becoming exhausted to the downside.
We warned our members of this last week.
this pattern technically has more downside but it is very oversold and were approaching the breakout trend line as well as many weeks of consolidation & support.
A bounce is most likely as the daily chart is becoming exhausted to the downside.
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