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Over the past two weeks, the iShares Dow Jones Select Dividend Index (DVY) has shown relative strength, as it has been one of the few ETFs to regain support of both its 20-day EMA and 50-day MA. DVY could offer a buying opportunity if it continues to consolidate above these key marks. Ideally, we would like to see DVY form a higher low and form a reversal candle as a possible pivot point for a potential long entry. The chart below provides a visual of the hypothetical price action that we view as ideal for a possible long entry. We will continue to monitor DVY closely for a potential long entry.

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