Metals & Mining SPDR Forms Spinning Top At Broken Resistance

The battle for the breakout is on as the Metals & Mining SPDR (XME) declined to broken resistance and formed a big spinning top. These candlesticks show serious indecision. XME broke resistance in early September and is now trying to decide if this breakout is worth holding or not. Watch 44 up and 41.9 down for the next directional clue.

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Click this image for a live chart.

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