The pivot points for the Consumer Discretionary Sector SPDR, identified by ticker XLY, are noteworthy indicators for investors. Utilizing the DeMark method, the Pivot High is set at $200.63, while the Pivot Low is determined to be $194.45.
In general, analysts suggest a bullish outlook if XLY's price moves above the pivot high, indicating potential upward momentum. Conversely, a decline below the pivot low may signal bearish trends, suggesting a need for caution among traders.
