Ichimoku Conversion Line Remains Bullish for XLY
The Consumer Discretionary SPDR (XLY) remains in bull mode as the Conversion Line (blue) holds above the Base Line (red). The Kijun-sen (Base Line) equals: (26-period high + 26-period low)/2)). The Tenkan-sen (Conversion Line) equals: (9-period high + 9-period low)/2)). These two act like moving averages, one slower and one faster. The trend is up as long as the Conversion Line (faster) holds above the Base Line (slower).
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