XLP Counter Trend Rally Counts as Complete
XLP has reached the lower area of the resistance target zone.
Wave "C" has moved above the termination point of wave "A" and has a clear five wave sub division.
There is a high probability this will begin a new decline on 1/23/17.
This is lagging the broader stock market by a wide margin.
If XLP goes into a new decline the broader market will probably follow.