On 8/27, a month ago today, a post was created (see post) to purchase the Home Builders ETF (XHB). A month later this position is going to be harvested, decent gain of slightly more than 10%.
Bull…Bear… Neither? (see post) Neither! Just harvesting 30 day gains at Fibonacci resistance, at the top of a trading range as a small rising wedge has taken shape of late.
Game Plan now…keep a close eye on XHB, with plans to repurchase it on a break of Fibonacci/channel resistance.