Looking at this weekly XGD chart one may not think so, but this sector has been the strongest performer over the last couple of weeks. A MINI BREAKOUT (JAC in Wyckoff @ R1) was on hand end of last week and we are about to challenge the resistance from AR/R2 dating back to 2013 ! If successful here, this sector would be considered to be in a MAJOR BULL RUN once again. I am keeping an eye on that 3150 ZONE. Close say at 3200 or above EOW, would be considered a MAJOR BREAKOUT if and when happens.
S2 SUPPORT is the KEY SUPPORT to the downside.
Now to the daily chart below. Price action at the top right corner.
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