$Health Care Select Sector SPDR Fund(XLV)$ Health Care sector setup review.
XLV looks like a valid setup right now. The weekly RSI is at a healthy 63.95, inside the 51-85 window, and SCTR is high at 87.4. The weekly Renko chart shows a shallow, orderly 4-brick red pullback that held support above the rising EMA(20) at 162.72. On the 195-minute Renko chart, the 2nd consecutive green brick has printed at 171.00, with a fresh upward hook in StochRSI at 0.383.
Overall, this looks like a strong alignment, and the sector is showing green for long entries.
One thing to keep in mind: the SPY 195-minute 1% Renko chart currently has a red brick. I would want to see a green brick print before taking any new long positions.
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