XLY Rallies to $122.05 on Bullish EMA Alignment

XLY (XLY) closed down 0.44% at $122.05 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($121.68) with a bullish stack. The 21-day EMA at $120.49 provides support.
• Momentum: RSI at 63.9 is in neutral territory. MACD is bullish (1.32 vs signal 1.12).
• Volatility: Bollinger Band width at 5.4% indicates low volatility.

Key levels to watch: Support at $117.09, Resistance at $123.60.