XLV - looks like a good short

XLV ( Health Care Select Sector SPDR ETF ) is the largest healthcare ETF by assets. XLV allocates about two-thirds of its combined weight to pharmaceuticals and biotechnology stocks. Main holdings are JNJ, UNH, PFE, MCK, ABBV, AMGN, ABT, MDT, LLY, TMO.

Last time I posted XLV chart a month ago. My view has not changed. I think it has topped in a large wave ( 5 ) up and might have started a large correction down.

XLV - daily chart updated on 7 February 2019

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