Traders Watch XLY Squeeze Closely at $115.90
The stock of XLY (XLY) dropped 0.13% to close at $115.90 on July 15.
The technical setup looks mixed:
Momentum
RSI at 47.6 is showing no strong directional bias. MACD reads -0.10 against its -0.13 signal line (bullish).
Moving Averages
Bearish EMA structure persists with price below the 9-day ($116.47) and 21-day ($116.53).
Volatility
A 13-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $113.36.
Traders are watching $113.36 on the downside and $119.37 on the upside.
