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Sep 25, 2023 2:34 AM

XLV - Failed Breakout? 

SPDR Select Sector Fund - Health CareArca

Description

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.
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