Industrials SPDR: New Downtrend!

Joining a very few other sectors, I am pleased to announce a brand spanking new baby downtrend in the Industrial ETF, XLI. The lower low marker is finally in and a classic shorting opportunity would be on the next bounce to a lower high, at which point the SMA 50 conveniently resides. The sector is probably entering a cyclical bear market. Okay, who’s next?

xli

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