Where are the breakouts likely to happen–either up or down–and where are the closest price targets? The breakout points (swing levels) aim to provide direction-neutral guidance for either scenario. 

 

The levels are also ultra short-term, meaning that support and resistance targets are based on the nearest swing highs and lows. Typically, if a market is trending–in this case, trending in the short-term–price often hits the nearest target upon breaking out toward the upside or downside. 

 

But like all patterns, there is a failure rate, particularly during moments of market indecision, signaling consolidation or ranging activity. The levels provided don’t propose that a breakout will follow through toward hitting its target. Again, they are reference points for you to use should it help you in your own swing trading analysis.



XLE – Energy Select Sector SPDR Fund

 

Swing High

61.80

Nearest Upside Target

63.44

Swing Low

55.55

Nearest Downside Target

53.36

   

XLF – Financial Select Sector SPDR Fund

 

Swing High

28.72

Nearest Upside Target

29.07

Swing Low

25.92

Nearest Downside Target

25.23

   

XLU – Utilities Select Sector SPDR Fund

 

Swing High

64.03

Nearest Upside Target

New High

Swing Low

62.04

Nearest Downside Target

60.13

   

XLI – Industrial Select Sector SPDR Fund

 

Swing High

79.07

Nearest Upside Target

80.41

Swing Low

71.91

Nearest Downside Target

66.99

   

XLK – Technology Select Sector SPDR Fund

 

Swing High

82.78

Nearest Upside Target

New High

Swing Low

75.14

Nearest Downside Target

70.15

   

XLV – Health Care Select Sector SPDR Fund

 

Swing High

92.17

Nearest Upside Target

94.42

Swing Low

88.19

Nearest Downside Target

86.77

   

XLY – Consumer Discretionary Select Sector SPDR Fund

 

Swing High

124.60

Nearest Upside Target

New High

Swing Low

113.63

Nearest Downside Target

109.43

   

XLP – Consumer Staples Select Sector SPDR Fund

 

Swing High

61.92

Nearest Upside Target

New High

Swing Low

59.28

Nearest Downside Target

57.35

   

XLB – Materials Select Sector SPDR Fund

 

Swing High

59.53

Nearest Upside Target

61.16

Swing Low

57.17

Nearest Downside Target

54.68




The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.