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SLICKNICK_25
Mar 24, 2024 3:25 PM

XLB WEEKLY CHART 

Materials Select Sector SPDRArca

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The materials sector has actually performed extremely well. 9 straight green weekly candles and the highest weekly close in the history of the ETF. I really like this sector and some of the stocks in the top ten haven't even broke out yet. I guess my question is, was last week a strong enough breakout to take this sector higher and to the next Fibonacci level? I wish I knew the answer to my own question but we'll just have to let it play out and see.
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