SPDR S&P Pharmaceuticals ETF
Updated

XPH eyes on $44: long term resistance looks broken and retested

53
Pharma as a whole is lagging the market.
Few of the co's are flying but rest are not.
ETF has broken and retested key resistance.

$ 43.96 - 44.17 is the exact zone to flip.
$ 39.27 - 39.94 below is a major support.
$ 47.20 - 47.99 above is major resistance.

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Trade active
Houston: We have IGNITION
snapshot
(yellow shaded area is from posting time).

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Zoom IN (m5)
snapshot
Clear recognition of our fibs so count on them.
Looks likely to reach our first Target at $47.99
We can expect a reaction there, so set alerts.

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