For those receiving post notifications by email, please note that the post titled “XLB short entry triggered” that was sent out around 10:06pm ET last night was a typo. The chart shown and discussed on that post was the XHB (SPDR’s S&P Homebuilders ETF) although I had mistakenly referred to it as XLB, which is actually another ETF. I caught the typo shortly after the post was made and quickly corrected the typo but did not realize that the email notification had already been sent until someone brought it to my attention today (thank you!).
Emailed post notifications are not re-sent once edits are made to a post. Only the ticker symbol was incorrect and was correctly shortly thereafter so if you had clicked on the title of the post or the “click here to continue” link, either would have taken you to the site where the entire corrected post would have appeared (email post notifications are truncated). This is today’s updated XHB daily chart, which still looks to provide an objective swing-short entry. Once could also establish a partial position here with room to add to the position either on a backtest of the wedge (if prices bounce) or on a break below the S1 support level (if we continue to move lower from here).