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Homebuilders – December 13, 2024

man and woman enjoy coffee on work break

Homebuilders ETF (XHB) appears to have topped or is topping a little higher at the ABCD (blue arrows) projection …

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12/12/2024 – a portal?

wooden construction of a house

XHB – Homebuilders – topped or a little higher. IF (and why not) we get thru these resistance levels then …off to the races.

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ITB

we have two long term extension targets along with a long term AB=CD. big resistance/target ahead.

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And I’ll Huff and I’ll Puff and I’ll Blow Your House Down

Homebuilder’s Index has “recovered” nicely, as has everything, from the 2007-2009 timeframe. That being said, we have a very symmetrical and orderly pattern that has recently completed on the weekly timeframe. Additionally, take a look at the daily timeframe – the classic head and shoulders pattern pops right out at you. Stay tuned, but perhaps […]

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