XLV Health Care Daily Chart Overbot Rising Wedge Negative Divergence

Health care is a darling of traders for many months, after all, the only business more steady than helping sick people is the next step, the undertaker. Traders are taking the Fed's easy money and pumping it into perceived safety plays such as utilities, REIT's, Dow stocks, dividend stocks, high-yield corporate's and healthcare. The red lines show the overbot conditions, negative divergence and rising wedge that created the spank down days ago. Price has recovered to a matching and higher high and the indicators are now more strongly negatively diverged. The weekly chart is topping as well. Keystone opened a new position minutes ago shorting XLV. A smack down is anticipated. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.