XLC ETF Breaks 1-Year High: Bullish Outlook and Analysis #quanttrading

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Unpacking the recent surge in XLC, the Communication Services ETF, as it hits a 1-year new high. We delve into detailed technical analysis, examining the significance of the pitchfork pattern and the stock's strong correlation with the S&P 500. With positive news sentiment, what can investors expect next? Find out the projections and insights that every trader needs to know.