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XLI : No Buyers Yet

SPDR Select Sector Fund - Industrial (BATS:XLI)  
Trading-Capital  
BATS:XLI   SPDR Select Sector Fund - Industrial
Trend Analysis Chart Patterns XLI industrials SPDR S&P 500 ETF (SPY) IWM
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trendanalysis chartpattern xli industrials spy iwm
XLI has had a picture perfect breakdown.

We warned our members of this last week.

this pattern technically has more downside but it is very oversold and were approaching the breakout trend line as well as many weeks of consolidation & support.

A bounce is most likely as the daily chart is becoming exhausted to the downside.
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