XLI has just been consolidating since early March. Pretty simple play, just keep trading when bouncing off support/resistance or sit back & wait for the breakout/breakdown.
Note
Nearing the resistance level around $79.40 so have to keep stops tight in case it starts rolling over. Even if the price starts falling there may not be as much of a pullback as there seems to be some strength in this the last couple of weeks.Note
The sector broke out of the consolidation pattern on Friday. Let it run.
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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.