SPDR Select Sector Fund ETF – TradingLounge Daily Chart

SPDR Select Sector Fund ETF Daily Chart Insights

XLF Elliott Wave Technical Analysis

Function: Major Trend

Mode: Motive

Structure: Impulse Wave

Position: Wave [v] navy

Direction: Uptrend

Daily Chart Insights

XLF is currently progressing in the fifth wave of an Elliott Wave impulse, with a minimum target at $54.07.

We're within wave (iii) of [v], recognized as the strongest and most dynamic segment of a motive wave.

This bullish momentum is likely to push XLF above the previous wave [iii] peak, reinforcing the ongoing uptrend.

Invalidation Level: $48.58 – A drop below this threshold would invalidate the current wave count.

SPDR Select Sector Fund ETF – TradingLounge 4-Hour Chart

XLF (4H) Elliott Wave Technical Analysis

Function: Major Trend

Mode: Motive

Structure: Impulse

Position: Wave (iii) orange

Direction: Uptrend

SPDR 4-Hour Chart Insights

Wave (ii) concluded at $48.58, which lessens the chance of a complex corrective structure—a favorable sign for bulls.

Wave (iii) is now underway, suggesting a high-potential Elliott Wave buying setup.

Buyers may consider entering during this early phase of wave (iii) to capitalize on upward momentum.

• Key Confirmation Level: $50.91 – conservative traders can use this as a trigger for entries.
• Critical Support: $49.50 – essential to watch for trend continuation.
• Invalidation Level: $48.58 – this must hold to keep the bullish forecast valid.

Technical Analyst: Siinom

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Conclusion

The current Elliott Wave formation on XLF signals a strong fifth wave rally, with a price target of $54.07.

This setup supports long positions for ETF traders, especially those following wave-based trading systems.