BATS:XLV   SPDR Select Sector Fund - Health Care
HealthCare looks to have just closed the week with a failed breakout.

Getting a weekly close below the impulse breakout green canceled is never a good sign.

Off of Bearish consolidation some Health care stocks may be a good short play.

Using the up-sloping trend line & weekly 200 MA as support.

Using the Weekly 100 MA as resistance . Recapturing the Weekly 100 MA could result in upside reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.