XLC Communication Services: the 112 area wall holds, structure remains bearish

XLC — State Street Communication Services Select Sector SPDR ETF — is in week 2 of a sell signal. Signal strength at 21 out of 100 reflects an indecisive week in terms of price movement, but the weekly structure remains bearish and price has met a compact resistance wall in the 112-113 area. The quality band flags trading not recommended: the ETF still trades nearly 19% above its 200-week moving average.