AMEX:XLP   SPDR Select Sector Fund - Consumer Staples
1
For the last week of sell-off, the strongest sector would be this Consumer Staples where stocks like KO, PEP, PG, MO, CVS, WMT has a broke up on daily chart.

Bollinger band showing a squeeze, meaning expansion upside/downside is going to take place.
But RSI and MACD are showing me a bearish divergence.
It finished the week with a DOJI and the upper Bollinger band was rejected.

I am skewed towards bear side, though slight chance of upside is not rule out.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.