EPISODE 5/11: US INDUSTRIALS-BULLISH CHANNEL + STRUCTURAL XLI TA

Episode 5/11: US (SPX) Sectors Technical Analysis Series - 17th of July 2019
Brief Explanation of the chart:
Squares represent past and future structural supports. Since 2009, the bulls have used Monthly MA 50(Weekly 200) support, labelled as the purple line.
The latest bullish channel leading to wave 5 can have 3 potential targets: 85$, 94.5$ and least likely 100$.
This is just a brief "free" and very detailed analysis. Perhaps in the future I might form a premium group, to whose members I will provide all the details of my research.
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and learn more in the greatest of details, every thumbs up or follow is greatly appreciated!
-Step_Ahead_ofthemarket-
Check my Previous episodes on the US Sectors:
EPISODE 4: Health Care(XLV)
EPISODE 3: TECH(XLK)
Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.
Brief Explanation of the chart:
Squares represent past and future structural supports. Since 2009, the bulls have used Monthly MA 50(Weekly 200) support, labelled as the purple line.
The latest bullish channel leading to wave 5 can have 3 potential targets: 85$, 94.5$ and least likely 100$.
This is just a brief "free" and very detailed analysis. Perhaps in the future I might form a premium group, to whose members I will provide all the details of my research.
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and learn more in the greatest of details, every thumbs up or follow is greatly appreciated!
-Step_Ahead_ofthemarket-
Check my Previous episodes on the US Sectors:
EPISODE 4: Health Care(XLV)

EPISODE 3: TECH(XLK)

Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.
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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.
Related publications
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.