Blue Box Magic: XLP Buyers Secure Fresh Highs

Quick summary XLP (Consumer Staples Select Sector SPDR ETF) delivered a textbook Elliott Wave reaction. Buyers stepped in at the defined blue‑box zone, turning a corrective pullback into fresh highs. Let’s look at the before and after snapshots.

Before — October 26, 2026 (1‑Hour Chart)

• Rally from the October 5 low ended at $90.50.

• The pullback unfolded as a zigzag correction:

  • Wave ((a)) ended at $88.06.

  • Wave ((b)) bounced to $88.93.

  • Wave ((c)) reached the blue‑box zone $86.48–$84.96.

• This zone was highlighted as a buy area, where buyers were expected to appear for at least a three‑wave bounce.

After — November 3, 2026 (1‑Hour Chart)

• XLP reacted strongly higher right after completing the correction in the blue box.

• Members who entered at the blue box quickly converted positions to risk‑free once stops were adjusted.

• The ETF has already made a fresh high above $90.50, validating the blue‑box strategy.