$XLRE (Real Estate Sector) About to Rally Up Long
Real Estate Select Sector SPDR Fund (The)Arca
Description
⋅ Weekly Chart :
The Macro Picture looks positive due to the Trading above the MUT (Major Up Trendline).
Daily Chart :
The Intermediate Trend (The Grey Trendline) Contains 2 Minor Downtrends, and the last one is getting squized between the lines.
Looking for Penetration of the Current Minor Down Trendline and Continuation Towards $ 42.