The Health Care Select Sector SPDR (XLV, Financial) has identified crucial pivot points that could signal upcoming market movements. According to the DeMark method, the pivot high is set at $133.96, while the pivot low is marked at $130.16.
In trading terms, surpassing the pivot high of $133.96 is often interpreted as a bullish sign, suggesting potential upside momentum. Conversely, if the price falls below the pivot low of $130.16, it might indicate a bearish trend, pointing towards a possible decline.
Investors and traders closely monitor these levels to anticipate market direction and make informed decisions regarding their positions in the XLV. Keeping an eye on how the price interacts with these pivot points can provide valuable insights into the ETF's future performance.
