Don't Ignore This Chart!: Aroon Crosses Bearish for the Industrials SPDR

Don't Ignore This Chart!

You are here: StockCharts.com » Blogs » Don't Ignore This Chart! » Aroon Crosses Bearish for the Industrials SPDR

« Previous Article | Top | Next Article »

Aroon Crosses Bearish for the Industrials SPDR

September 04, 2012 at 12:13 PM | written by Arthur Hill

The Industrials SPDR (XLI) is under pressure today after a weak manufacturing report. The chart below shows XLI falling to a support zone marked by broken resistance and the June trend line. This sets up an important test because the Aroon down crossed above Aroon green and hit +100 for the first time since June 4th.