November 04, 2009

Merck Propels XLV Higher

By Arthur Hill
Support / Resistance

With help from component Merck, the Healthcare SPDR (XLV) bounced off support around 28. The ETF established support here with reaction lows in early September, early October and now early November. It is safe to say that the trend is clearly up as long as this support level holds.

091104xlv
Click this chart for details.

Posted by Arthur Hill at 10:31:41 AM in Support / Resistance

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