jlb17ww2

Bearish Cypher & Bearish Butterfly

Short
AMEX:XLV   SPDR Select Sector Fund - Health Care
Healthcare is showing some weakness on the weekly time frame... It has formed a large bearish Cypher with an internal bearish butterfly. It seems some bearish divergence is starting to form too, which could indicate a shift of momentum to the downside.
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.