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XLC 5 wave completion (New -ve Delta Butterfly Spread )

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The Communication Services Select Sector SPDR Fund (AMEX:XLC)  
wallstreetsharks  
AMEX:XLC   The Communication Services Select Sector SPDR Fund
Technical Indicators Wave Analysis XLC communications communicationservices
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indicator waveanalysis xlc communications communicationservices
XLC is dancing on the edge of a potential decline with significant resistance and a potential double top into the 57.62 level. We are considering this entire 5 wave impulse as complete with a potential (A), (B), (C) decline. Looking to place a 60/49/47 Put Debit Butterfly expiring Aug 21st with debit no more than 3.60
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