ForexYell

Housing, Key For US Economic Health Hits Resistance Per XHB

AMEX:XHB   SPDR S&P HOMEBUILDERS ETF
39 0 1
We could be on the cusp of a downturn in housing if the XHB             ETF is any indication. We're turning lower off the 78.6% Fib from the 2006 High. A Break below 28 would favor a deeper / more painful move is ahead.
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