Author: Jeff Clark, Jeff Clark Trader

It’s setting up to form one of two patterns, both of which are bullish.

The sector should be sharply higher just one month from now.

Conditions are oversold, and we’re entering a seasonally bullish time of the year.

For reference, traders who bought into this same type of setup last year enjoyed a 14% gain in the S&P 500 within six weeks.

After being stuck in a trading range for seven months, there’s a lot of energy built up in its chart.