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Chartimistic

XLI - Steady As It Goes

SPDR Select Sector Fund - Industrial (AMEX:XLI)  
Chartimistic Updated   
AMEX:XLI   SPDR Select Sector Fund - Industrial
Support and Resistance Parallel Channel XLI industrials rollingstock
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supportandresistance parallelchannel xli industrials rollingstock
XLI has just been consolidating since early March. Pretty simple play, just keep trading when bouncing off support/resistance or sit back & wait for the breakout/breakdown.
Comment:
Nearing the resistance level around $79.40 so have to keep stops tight in case it starts rolling over. Even if the price starts falling there may not be as much of a pullback as there seems to be some strength in this the last couple of weeks.
Comment:
The sector broke out of the consolidation pattern on Friday. Let it run.
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