chartsareforships

XLB Nearing DECADE Long 2.618 Extension

AMEX:XLB   Materials Select Sector SPDR
Trading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart).

This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add.

If you get anything from this post please like and share. Start the conversation/debate in the comments :)

Cheers and happy trading!

Casey

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