glennmercer
Short

Short XLP on Divergence Toward Missed Weekly Pivots

AMEX:XLP   SELECT SECTOR SPDR TRUST AMEX CONSUMER STAPLES INDEX
XLP has closed below its intraday trendline after printing bearish 1HR Knoxville Divergence at its daily S/R zone. There are two missed weekly pivots below price which provide excellent targets. A SL should be placed above daily S/R zone, and profit may be taken around 49.30, before intraday S/R zone.
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