The S&P Select Materials SPDR (XLB, Financial) has recently identified new pivot points, calculated using the DeMark method. The current pivot high is set at $82.14, while the pivot low stands at $80.86.
Market analysts suggest that if the price moves beyond the pivot high of $82.14, it may indicate a bullish trend for XLB. Conversely, if the price falls below the pivot low of $80.86, it could signal a bearish trend. Investors typically monitor these levels closely to inform their trading decisions.
