XLV Health Care Sector Weekly Chart Negative Divergence

XLV health care sector weekly chart a very interesting combination of W pattern bottoms and M pattern tops. The W bottom that started the spring 2009 rally targeted and achieved 31. Then an M top spanked price down with negative divergence to a 28 target. Then another W bottom formed to target the current level of 33 . Most every chart these days has the same look with a rising wedge, overbot conditions and negative divergence. This chart is no different and down she will go. Perhaps another M top will form, but first, she will sell off down towards the 20 MA at 32-ish. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.