themarketzone
Short

Testing strong daily resistance zone

AMEX:XLY   SPDR SELECT SECTOR FUND - CONSUMER DISCRETIONARY
$XLY just hit a strong daily resistance zone after bouncing from the 200 days MA.
The Resistance Zone includes several trend lines that now collide into one 1$ wide Price Zone that should prevent $XLY from advancing higher.
79-80$ is the potential Sell Zone
Stop loss should be above 82$ and first target Zone is 77$ (200 days MA)

Below 77$, things can turn into a Free Fall mode.

Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - http://goo.gl/HXjCPV
Follow my blog - http://goo.gl/78KZsl
Subscribe to my Youtube channel - https://goo.gl/q8dbyT
Comment: Sell Zone was confirmed.
Bounced from 200 days MA
Trade closed: target reached
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out