A month ago, we looked at Thomas Bulkowski's putative Broadening Top in the XLB. After the big run-up from the July low to the top trendline, the XLB settled in and formed an Ascending Triangle (pattern in black), then broke out of it last week putting 32.83 IN PLAY. Yesterday, the XLB closed above the top of the putative Broadening Top, so nothing bearish going on here thus far.
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