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Ultra Short-Term Swing Trade Levels - Sector and Sub-Industry ETFs


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The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral.


The levels are also ultra short-term, meaning that support and resistance targets are based on the nearest swing highs and lows. Typically, if a market is trending--in this case, trending in the short-term--price often hits the nearest target upon breaking out toward the upside or downside.


But like all patterns, there is a failure rate, particularly during moments of market indecision, signaling consolidation or ranging activity. The levels provided dont propose that a breakout will follow through toward hitting its target. Again, they are reference points for you to use should it help you in your own swing trading analysis.



XLE - Energy Select Sector SPDR Fund

Swing High

59.94

Nearest Upside Target

63.90

Swing Low

57.16

active

Nearest Downside Target

53.79

XLF - Financial Select Sector SPDR Fund

Swing High

27.31

Nearest Upside Target

28.14

Swing Low

26.24

Nearest Downside Target

25.92

target hit Aug 13

XLU - Utilities Select Sector SPDR Fund

Swing High

61.38

Nearest Upside Target

63.05

(62% of pattern height)

Swing Low

58.69

Nearest Downside Target

57.80

XLI - Industrial Select Sector SPDR Fund

Swing High

76.11

Nearest Upside Target

79.02

Swing Low

72.91

Nearest Downside Target

71.91

XLK - Technology Select Sector SPDR Fund

Swing High

79.70

Nearest Upside Target

82.78

Swing Low

75.14

Nearest Downside Target

70.15

XLV - Health Care Select Sector SPDR Fund

Swing High

92.17

Nearest Upside Target

94.30

Swing Low

88.20

Nearest Downside Target

86.77

XLY - Consumer Discretionary Select Sector SPDR Fund

Swing High

119.50

Nearest Upside Target

123.69

Swing Low

114.09

Nearest Downside Target

109.43

XLP - Consumer Staples Select Sector SPDR Fund

Swing High

59.86

Nearest Upside Target

61.02

Swing Low

57.37

Nearest Downside Target

55.52

XLB - Materials Select Sector SPDR Fund

Swing High

58.21

Nearest Upside Target

59.53

Swing Low

55.64

Nearest Downside Target

52.75

ROBO - Global Robotics and Auto

Swing High

36.80

Nearest Upside Target

39.46

Swing Low

35.13

Nearest Downside Target

34.17

BOTZ - Robotics and AI

Swing High

18.94

Nearest Upside Target

20.18

Swing Low

17.92

Nearest Downside Target

16.29

REMX RARE EARTHS METALS ETF

Swing High

14.10

Nearest Upside Target

15.40

Swing Low

12.83

Nearest Downside Target

11.27




The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.




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About the author


Karl Montevirgen is an independent content writer and financial content entrepreneur. Having been involved in the commodities and FX markets for the last 9 years, Karl writes for several companies and publications in the finance, blockchain, cannabis, and content space. 

You can view his extended profile, list of publications, and theoretical content work on his LinkedIn page. 

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