Diamond bottom breakout in XHB

AMEX:XHB   SPDR Series Trust SPDR Homebuilders ETF
Diamond bottoms are a strong indicator. I believe there is a high probability of the breakout from this diamond will lead to its target around $76. As it gets closer, I think trailing stop losses on stocks would be a good strategy considering inflation continuing and monetary policy temporarily easing. More tightening will likely be necessary as a result of inflation continuing to be a problem.

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