XLY Testing Breakout Level

SPDR Select Sector Fund - Consumer Discretionary (AMEX:XLY)

AMEX:XLY SPDR Select Sector Fund - Consumer Discretionary

trendanalysis chartpattern xly amzn tsla

XLY is testing the recent breakout level (former resistance). A hold here would be viewed in a bullish context as former resistance will have become support. This is a key ETF to watch considering the heavy weights of AMZN and TSLA. - Jamie

Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/

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