buyem_nl
Short

US Consumer Staples Sector: Trend Reversal Imminent

AMEX:XLP   SELECT SECTOR SPDR TRUST AMEX CONSUMER STAPLES INDEX
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The primary uptrend is coming to end; divergence and slacking indicators all point to consolidation at a minimum and probably a trend reversal. Exit-long is the least investors should consider. Depending on developments around the 53.05-area investors can also study potential shorts within the sector or short the sector as a whole.

Down side potential is decent: 50.40 and 48.70 form the first pivots and projection respectively.
Trade closed manually
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