Analysis: Health At Top Of Health? | #XLV $SPDR $AMEX $XLE $XLF

Traders,

This new chart is worth heeding, based on the convergence of technical events explained in the chart's insert - I have copied and pasted it, as follows:

"15 FEB 2014 - Price coming to a significant multi-year high nearing a multi-time frame Fib convergences. While these events may represent wild correlations, superimposition of our predictive analysis corroborate the relevance of these levels. Look for negative divergence, failed Fib level attainments, internal weakening in price action or fundamentally upsetting news for a potential contrarian play. Multi-year analysis point to potential support at a target-low, TG-Low = 44.07.
- David Alcindor"


OVERALL:
Directional bias remains at neutral with bearish bias based on above technical convergences.

Cheers,


David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA


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PS: Other recent analysis and charting:

XLE - Energy Select Sector/SPDR: tradingview.com/e/BolkDBWj/
XLF - Financial Selct Sector/SPDR: tradingview.com/e/Q1zAcCh2/

Also:
SPX - tradingview.com/e/GK5wJ5WN/
AAPL - tradingview.com/e/OqhN6oTc/
AMD - tradingview.com/e/ySdvtzok/
EBAY - tradingview.com/e/XWUVhvT0/
FB - tradingview.com/e/tfPPZa0e/
GOOG - tradingview.com/e/J5A3VRWX/
MSFT - tradingview.com/e/SLHE0cgv/
TWTR - tradingview.com/e/Rnr5FZ93/


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1 - #USDollar: on.fb.me/19Pf77y
2 - #AUDUSD: on.fb.me/1kDHbdB
3 - #NGAS: on.fb.me/1aSMYHV
More archived here: bit.ly/16JMnH8

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Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. We trust that you would do your own due diligence first, then seek professional advice from a licensed professional and enter the market at your own perils - David Alcindor - a.k.a.: 4xForecaster | 4xQuad, LLC.