The Dow Jones has had one of the largest rallies in history the last two weeks; out of a correction phase. Earnings reactions have showed us that sideline money has been stepping in. $BA had a 10% drop on ER but is well over the high of that day now. With growth and tech companies showing contracting earnings, money is flowing to companies that know how to make money and have been making money for decades.
$XLI chart shows an inverse Head & Shoulders which is a bullish pattern and is right at the neckline. A break of 96 will give us targets of 102, 105 and 110.
$XLI chart shows an inverse Head & Shoulders which is a bullish pattern and is right at the neckline. A break of 96 will give us targets of 102, 105 and 110.