XLV (State Street Health Care Select Sector ETF) has been unfolding a bullish impulse from the April 29, 2026 low, showing a higher‑high sequence that favors more upside. Our strategy advised members to avoid selling and instead buy dips in 3, 7, or 11 swings at defined blue box areas.
Update — July 14, 2026 (1‑Hour Chart)
- Rally from June 22 low ended wave 3 at $165.61 high.
- Pullback in wave 4 unfolded as a zigzag correction:
- ((a)) ended at $161.36 low.
- ((b)) bounced to $162.94 high.
- ((c)) targeted the blue box at $158.66–$156.02.
- Buyers were expected to appear from this zone for the next leg higher or at least a 3‑wave bounce.
Update — July 20, 2026 (1‑Hour Chart)
- XLV reacted strongly higher after completing the zigzag correction in the blue box.
- Members secured risk‑free positions shortly after entry.
- A decisive break above $165.61 high is needed to confirm the next leg higher toward $167.63–$170.91 before profit‑taking and another pullback in 3 or 7 swings.
Source: https://elliottwave-forecast.com/bluebox-wins/textbook-precision-xlv-delivers-risk-free-setup/