Market Analysis for Jul 28th, 2021

By Ricky Wen

Jul 28, 2021 - 3:47 PM EDT

Some more freebies before I go offline/vacay 👇

Keep eyes on these sectors XLF+XLB and do some homework...setting up for another upside acceleration into ATHs

1~2 month of digestion so far. Getting tight...and ready to uncoil. Level by level approach

XLF line in sand = last week's low 34.90s. Now, 36.48~. Prior ATH = 38.6~

XLB line in sand = last week's low 78.60s. Now, 82.85~. Prior ATH = 89.2~

XLF JULY28_WEEKLY

XLB JULY28_WEEKLY

Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.

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