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Short XLP on Divergence Toward Missed Weekly Pivots

Short
SPDR Select Sector Fund - Consumer Staples (AMEX:XLP)  
glennmercer  
AMEX:XLP   SPDR Select Sector Fund - Consumer Staples
Divergence knoxvilledivergence Support and Resistance Trend Line Break shortsetup XLP Stocks missedpivots Pivot Points
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divergence knoxvilledivergence supportandresistance trendlinebreak shortsetup xlp stocks missedpivots pivotpoints
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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