XLF closes higher for the 2nd day in a row
Financial Select Sector SPDR Fund (XLF) Technical Analysis Report for Jul 13, 2020 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, XLF ended Monday at 23.56 edging higher $0.10 (0.43%) on high volume.
Daily Candlestick Chart (XLF as at Jul 13, 2020):
Monday's trading range has been $0.49 (2.06%), that's slightly below the last trading month's daily average range of $0.62. Weekly volatility is also lower, being slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently lower than usual for XLF.
Prices are trading close to the key technical resistance level at 23.64 (R1).
While still in a long-term downtrend, the short and medium-term trends both turned bullish already.