“Of late, a divergence is taking place as momentum is falling while XLI remians above support at (2). As mentioned before, the trend remains up for XLI. With momentum heading down recently, it becomes important that XLI remains above support and its 200MA!,” according to Kimble.
Industrial Select Sector SPDR
Chart Courtesy: Kimble Charting Solutions
ETF Trends editorial team contributed to this post.