We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
The market continues to lean defensive. Value-oriented groups remain in control, but one in particular has been quietly coiling, storing energy for its next major move.
Here’s today’s standout:
The Health Care Sector ETF $XLV is currently exhibiting a Squeeze Score of 95.40 and a Long-Term Squeeze Score of 89.40.
Here's what the chart looks like:
The Health Care sector is coiled in a tight pennant at the upper bound of a multi-year base-on-base pattern.
Volatility on the Strazza Indicator remains compressed.
A resolution out of this short-term coil would complete the much larger bullish structure and could fuel a sustained rally.
