AMEX:XLP   SELECT SECTOR SPDR TRUST AMEX CONSUMER STAPLES INDEX
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One of the very many factors that indicate the broader US stock market could be at a significant top is the SPX sector ETF - XLP . This ETF is Consumer Staples one of the nine SPX main sectors.
XLP represents the bluest of blue chip stocks and usually the very last stocks to make a top in a bull market. This sector has been lagging the broader market for months, a very bearish sign.

XLP also has a very clear five waves down , followed by what appears to be a three wave correction under construction. The supposed wave "C" up could be complete in the next one to three trading days, January 18 - 20.

Watch XLP , if it tops in the price zone this week it could signal the beginning of a very sharp and deep decline of the broader US stock market.

Mark
I don't see the idea to short XLP, a safe haven bond proxy - which is moving higher since December 2016 - ahead of the biggest event risk of January 2017, the inauguration of Donald Trump.
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markrivest ChartArt
Hi @ChartArt,

Thanks for the information.

Mark
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