SPDR S&P Homebuilders (XHB:NYSEArca) is on the verge of breaking some +9 year old resistance.

Check out the monthly candle chart. That is one HUGE +9 year base. I have the breakout line is the 38-40 area. A monthly candle close above 40 would give me a target of 65.

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Here is the 5 year weekly candle chart. Some consolidation near the breakout line.

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A final zoom in on the 1 year daily candle chart. Price action breaking towards that breakout area.

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My alert is set and will come back to this once triggered. Remember, the bigger the base, the higher in space!