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October 5, 2021
XLY is the consumer discretionary ETF. This two largest holdings are AMZN (22.9%) and TSLA (13.5%). In other words, this is an important ETF with some big names. Last week, both a 2 week volume reversal and 1 week volume reversal triggered. The 2 week signals are shown in the chart below. The 1 week signals are shown 2 charts down.
September 8, 2020
ES made a bearish weekly volume reversal last week. Since the 2009 low, there have been 3 other bearish reversals and 1 bullish reversal. Reversals in 2010 and early 2018 identified interim highs.