Friday, May 21, 2010

Sector follow up.

Well 1065 was broken for a short period of time but held up lead by XLY, XLF, XLB. If you look at XLY the trend was not broken and stopped exactly at the trend. I'm keeping an eye on that sector as we go along. Were hitting a corrective wave here that I'm thinking is a wave 4 for SPX.

Here is a current chart of XLY.

And here is SPX

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