XMJ Double bottom
The XMJ has set a double bottom at 8270 points, the price target from
the breakdown of 9475 has been met. Resistance on the way up will be 8877 and breakdown level of 9475.
On the 19th of December the Bullish divergence of the RSI was discussed, this WEEKLY chart shows further
evidence that supports the recovery on the materials sector in the short term.