The Consumer Staples Sector SPDR (XLP, Financial) has revealed crucial pivot points calculated through the DeMark method. The identified Pivot High stands at $81.49, while the Pivot Low is marked at $80.53.
In technical analysis, a breakout above the Pivot High is often seen as a bullish signal, suggesting potential upward momentum. Conversely, if the price falls below the Pivot Low, it may indicate a bearish trend, pointing towards a downside movement.
Investors and traders closely monitoring XLP will be keen to observe how these pivot points influence the ETF's price actions in the coming days.
