The Health Care Select Sector SPDR (XLV, Financial) is experiencing notable price movements with significant pivot points established. The recent Pivot High has been marked at $139.28, while the Pivot Low stands at $136.96. These figures are determined using the DeMark method.
In market analysis, surpassing the Pivot High is typically considered a bullish sign, indicating potential upward momentum. Conversely, falling below the Pivot Low may signal bearish trends, suggesting a possible downturn for the stock. Investors and market analysts often monitor these pivotal levels closely to gauge future price movements and market sentiment regarding XLV.
