XLI (State Street Industrial Select Sector SPDR ETF) has been unfolding a bullish impulse from the March 30, 2026 low, maintaining a higher‑high sequence that favors continued upside. Our strategy guided members to avoid selling and instead focus on buying dips in 3, 7, or 11 swings at defined blue box areas.
Update — July 15, 2026 (1‑Hour Chart)
- Rally from March 30, low ended wave 3 at $188.61 high.
- Pullback in wave 4 unfolded as a zigzag correction:
- ((a)) ended at $180.80 low.
- ((b)) bounced to $186.45 high.
- ((c)) targeted the blue box at $178.64–$173.81.
- Buyers were expected to appear from this zone for the next leg higher or at least a 3‑wave bounce.
Update — July 28, 2026 (1‑Hour Chart)
- XLI reacted strongly higher after completing the zigzag correction in the blue box.
- Members secured risk‑free positions shortly after entry.
- A decisive break above $188.61 high is needed to confirm the next leg higher toward $191.21–$195.42 before profit‑taking and another pullback in 3 or 7 swings.
- Source: https://elliottwave-forecast.com/bluebox-wins/xli-blue-box-delivers-buying-opportunity-targets-new-highs/