Looking at the top XLI holdings to get a picture of where the group may be headed into year-end, one can not discount the big influence of Boeing. Is BA, the second largest component in the fund, looking at a double top here in the 240 area? Of course, no one knows but the way the recent cup base has been constructed one may be skeptical. Technicians like to see these patterns form in a rounded fashion, and this is taking on more of a V shape. Notice on the WEEKLY chart below BA has responded positively since the doji candle after an 11-week losing streak, not a typo, between the weeks ending between 8/18-10/27. The very next week completed a bullish morning star pattern that started the strong, current 5-week win streak, in which all 5 CLOSED at the top of the WEEKLY range. It will be interesting to see how the rest of 2023 plays out for the stock. Top holding UNP is carving out a bull flag formation and may be ready to drive through the 234 trigger, the couple of puns in this paragraph intended.