Aroon Crosses Bearish for the Industrials SPDR

The Industrials SPDR (XLI) is under pressure today after a weak manufacturing report. The chart below shows XLI falling to a support zone marked by broken resistance and the June trend line. This sets up an important test because the Aroon down crossed above Aroon green and hit +100 for the first time since June 4th.

120904xli


Click this image for a live chart

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