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SPDR Series Trust SPDR Homebuilders ETF
Short

SPDR Homebuilders ETF (XHB) at risk of bearish reversal

105
XHB

US housing market, a key contributor to US economic growth via the wealth effect that will trickle down to consumer spending & confidence.

We can decipher its impact on the overall stock mkt via sentiment/technical analysis on2/2 The recent rally of the XHB from 19 Oct 22 low to 22 Nov 22 has been accompanied by declining volume & underperformance against the SP 500 ETF SPY

Looks like up move has hit an inflection zone for a potential bearish reversal below 64.40 key MT pivotal resistance. XHB

2/2 The recent rally of the XHB from 19 Oct 22 low to 22 Nov 22 has been accompanied by declining volume & underperformance against the SP 500 ETF SPY

Looks like up move has hit an inflection zone for a potential bearish reversal below 64.40 key MT pivotal resistance.
Kelvin-Wong
Also on:
homebuildersTechnical IndicatorsS&P 500 (SPX500)Trend AnalysisWave AnalysisXHB

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.
homebuildersTechnical IndicatorsS&P 500 (SPX500)Trend AnalysisWave AnalysisXHB
Kelvin-Wong
Also on:

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.