XLY Butterfly Trade Setup

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

AMEX:XLY SPDR Select Sector Fund - Consumer Discretionary

XLY current wave (iv) correction is setting up for a terminal move into wave v targeting the 166-173 range. We’re looking to establish some +ve delta butterfly spreads on XLY expiring Nov. Detailed Trade execution on video update.

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