CTA for XLB as of 2024-01-12

CTA for XLB as of 2024-01-16

CTA for XLB as of 2024-01-17

CTA for XLB as of 2024-01-18

CTA for XLB as of 2024-01-19

CTA for XLB as of 2024-01-22

MTP for XLB as of 2024-01-22

Chart for XLB as of 2024-01-22

Last week saw the CTA report alternate between the fast and slow algorithms reducing their long positions, with the fast algorithm eventually flipping short. This week starts with the MTP report is continuing to give sell signals and has downgraded one of the longer timeframes.

Looking at a bounce around the 50EMA and then for a convincing break below before entering a long PUT