XLI trade ideas
$XLI Breakout Pullback SetupThe select SPDR industrial ETF broke out to ATHs 4 days ago and now pulling back into that breakout level providing for a breakout/pullback entry setup. Watch that support level for signs of bottoming out and resumption of the breakout.
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
XLI -- Watch for 2.1.21Setting up to start working back up to the 90 level.
Might be a nice swing next week. (2.1.21).
1) Volume is picking up over the last few days
2) RSI is looking higher. Still be low 50, but a move across the 50 line might signal a move back up.
3) MACD contracting toward bullish, might be a signal more bullish movements might be coming soon as people
rotate out of GME and into other things.
Will be watching this one into early next week.
Best of Luck,
--d0x
XLI Elliott Wave Analysis 1/3/21Possible count
Expecting down trend corrective wave ②
Practicing with Fibonacci tools
Industrials at multiple support levelAs you can see in the chart, we are now testing the 10sma, which is lined-up coincidentally with the previous highs from early june.
We could potentially see the industry reach and fill the gap made late february.
OBV is supportive of the trend.
RSI(14) = 67.8
RatiosWith XLY vs. XLP on everyone's radar as it eyes new highs, what is Industrials vs. Staples saying about the strength of this risk on rally?
Institutional Sneak Attack on XLII spotted some very high volumes coming in right at the end of market close and during after hours trading on XLI. Massive volumes = institutional traffic. However, price levels didn't actually move much until late into AH trading, when a tiny amount of volume (orders totaling 102 only) did a gap up in price to $63.88. This suggests a gap up breakout could occur, but this also feels heavily manipulated, so be careful here. I wanted to raise awareness of this movement and will be closely monitoring XLI on Monday.
XLI at key level similar to XLFXLI (industrials ETF) at kep uptrend support from 2009 lows
Important to hold these sorts of levels if market is to move higher directly from here
Otherwise a decisive break would be longer term bearish
RSI is at 2011 levels
$XLI INDUSTRIAL GOING DOWNIf it's broke the pink line support, downtrend in play. Placed my order for put options till March 20.
XLI head and shoulders XLI has been forming a massive head and shoulders pattern over the last year. Price is now just below my 3% breakout level of the horizontal boundary at $83.38 with a measured price target of just over $100
Sector Watch: IndustrialsGood: 2012 monthly upward channel in tact. Upward pressure building in weekly chart for breakout to higher RSI and upper part of channel if the trade truce happens, which is likely.
Neutral: If no break out above $80 resistance then range bound building pressure to break in direction of trade truce.
Bad: Is it too late for the global economy or can all the liquidity blunt the downside and create a soft bottom and recovery?
Expectations: Trade truce happens and industrials run on hope, then get cautious until recession gets real, which seems unavoidable.
XLI - Looking for breakout of rangeOn watch. Looking at breaking out of this range over the next few months.
Top of the range here so if rejected will look at adding on the move lower.
GLTA
XLI - Steady As It GoesXLI has just been consolidating since early March. Pretty simple play, just keep trading when bouncing off support/resistance or sit back & wait for the breakout/breakdown.
SP Industrial Sector - BUY set upInverse head and shoulders on weekly. Buy on continued bullish move tomorrow. Target height of head. Potential big move.
You should keep an eye on the Industrial ETFNote the Rectangle Pattern on the daily Timeframe :
The price heading toward the Supply line (Resistance) for the 3rd attempt.
Note the Volume Pick on the Demand line Reaction (Support), note also the 2 Bottoms that formed before the last Rally,
The price is still above the MUT (Major Trend Line), and the overall picture is positive.
In a case of Rectangle Up Penetration, Im looking for long above the resistance of 80.07.
EPISODE 5/11: US INDUSTRIALS-BULLISH CHANNEL + STRUCTURAL XLI TAEpisode 5/11: US (SPX) Sectors Technical Analysis Series - 17th of July 2019
Brief Explanation of the chart:
Squares represent past and future structural supports . Since 2009, the bulls have used Monthly MA 50(Weekly 200) support , labelled as the purple line .
The latest bullish channel leading to wave 5 can have 3 potential targets : 85$, 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 .>>
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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.
