This is a big one for the experimental crossovers. $XLRE represents the real estate sector of the $SPX. If this crossover proves true it would represent a bullish turn in one of the most sought after and controversial asset classes in recent years. Will do more digging..
Experimental crossovers but crossovers nonetheless on $XLV and $XLF continue to weaken the bearish thesis. Will these weekly crossovers prove legitimate or precede harsh reversals as sometimes occurs with these types of moves? Only time will tell.
$XLY $XLP $XLV have all crossed over bullish on experimental MA crossovers. Could signal a potential further pump incoming. $VIX closing behavior on the year could signal a capoff bullish period in 2024. Tentative based on follow through in these sectors.