XLP has multiple tests at about $88 and has declined slightly over the past week; without a breakout it could head down again toward the 20-day moving average.
He framed it in weeks
“The Setup for a Year End Rally Is Getting Stronger”
StockCharts TVPublished Oct 22 · 1 passage
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You can see multiple tests on the XLP fund at approximately $88 . There has been a slight decline here over the past week or so. We either need that breakout, or I think we could be heading down again towards the 20-day moving average.
What this channel has said about $XLP
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