This is the second biggest sector and a big reason the Dow has been dumping. Currently outside its daily Bollinger band and its weekly Money flow is oversold.. I'm expecting a major rally in Health this month Let's see how XLV reacts after 126.50 gap close.. I'm not expecting a V shap recovery... Maybe some around 126-128 to form a bullish pattern then we...
Sizeable falling wedge .. RSI is bullish Entry Over - 133.50 Target 137 Stocks that will benefit from this UNH JNJ PFE
2023 Market Crash Is Confirmed. You heard that right traders. A consistent indicator over the past 20 years is confirming many fears of a recessions and market crash will occur in 2023.
I mean just look at the technicalas, I don't really have to say much here lol. Maybe watch closely for rsi to hit bounce off 50 fist or just getttonninnn because this suckered has been rallying up like it's been in its own stock market this whole year.
After regarding the 200SMA Daily as Resistance, forms a Diamond Reversal w/ Triple MACD + RSI Hidden Bearish Divergence w/ 4 Hour MACD Bearish Divergence Looking for a breakout and to see how markets open this week before a final decision, loosen or tighten targets as you will. GIVE ME FEEDBACK ** NOT FINANCIAL ADVICE **
Looks primed for an extra 10% move up within 15-30 days starting since a few days now. See attached chart/image. imgur.com
AMEX:XLV Price reaching a multiple test resistance level that goes back to end of April with a MACD / Price action divergence and MACD roll-over to negative.
If you were trading tech and didn't notice , there was huge selling in the Healthcare sector , with most stocks down 4-7%. This downturn was the main reason the Dow was down 300 points. XLV is trading up in supply area and also forming a pretty decent size rising wedge which indicates the sector is near a correction. I also saw alot of "Aero defense"...
XLV has set up over the past few months and is now in a corrective wave, reached resistance and is headed down toward corrective wave C.
Second biggest sector in the S&P500 looks to be headed back to its primary trendline (Purpleline) after getting rejected on bear channel(Yellow) . This move should help push the S&P to low 340s. Will have the biggest impact on Dow Jones because of United health
$XLV is showing a potential 3-1-2 bearish reversal on the quarterly chart. Because of this, I'll be looking to short healthcare stocks.
After it finishes its accumulation XLV can continue its up trend.
AMEX:XLV Possible Scenario: SHORT Evidence: Price Action, Money-Flow, Rejection at 200MA, TP1: 128$ TP1: 126$ This is my idea and could be wrong 100%.
Neutral pattern until a trendline is broken. Bearish Marubozu with both ends shaven on Friday. Spinning top right now that can change by close. No recommendation, This ETF is still above the .382 of the trend up (blue dashed line) Top 10 Holdings UnitedHealth Group Inc 10.20% Johnson & Johnson 9.21% Pfizer Inc 5.68% Eli Lilly and Co 5.21% AbbVie...
Safe bet when recession fears come in, cool off when good news give hope.