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VaulTradeous

Gaps up into long term Resistance

Singkat
The Communication Services Select Sector SPDR Fund (AMEX:XLC)  
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AMEX:XLC   The Communication Services Select Sector SPDR Fund
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Gaps are for buying and selling right? Well, this gap is right into a 52 week resistance level, with all 6 timeframes decently overbought. Looking short here with first target at 75. This thing moves slowly so i'll revaluate whenever we get there. A move to 77 would not be ideal, allowing for a potential break and bounce of this POC level, giving some potential to longer-term continuation.
Dagangan ditutup: hentian tercapai:
Very little resistance at that 76.75 level. We have already moved to the upper end of this volume zone and I will not be shorting this again until we get a significant change.
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