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Sep 11, 2023 5:07 PM

XLI could be on the verge of breaking down.  

AMEX:XLI1D
SPDR Select Sector Fund - IndustrialArca

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A close above the neckline negates the bearish pattern.

If Weak ISM data continues you could see more weakness in this sector.

A pair trade I'm watching is Long GE / Short XLI
Trend AnalysisChart PatternsFundamental AnalysisSPDR S&P 500 ETF (SPY) XLIGEISMindustrials
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