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Industrials ETF Runs Into Resistance @ Logical Level

AMEX:XLI   SELECT SECTOR SPDR TRUST AMEX INDUSTRIAL SELECT
Support & Resistance Visualized with Automatic Lines
These custom support resistance indicator lines show decent places to enter or exit.

The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.

If your instrument closes below the Red line, we think about Shorting.

For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ).

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