Charts suggest this sector is readying for a major breakout (via TradingNation)
" on Tuesday. "As you can see, we are just knocking on the ceiling up around the $81-$82 region multiple times here."
The XLI ETF has struggled to break above $80 since early fall last year. It has gained 2% this month, roughly in line with the S&P 500. "The market really, really wants to break through here. I would like to put an option trade on in XLI to take us through the zone of resistance potentially into the $85 region towards the end of the year into early 2020," he added.
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