The XLI ticker symbol does not get much press, but that sector ETF for the industrials is sporting an intriguing, multi-year symmetrical triangle near resolution. Note the significance of breaking through the $38 level, on the weekly timeframe above. Led by General Electric and quite a few transports attempting to carve out an important low, the once-dead money industrials might have one final dance before the cyclical bull since March 2009 comes to a close.

Components and weightings as of 10/5/12. for XLI, courtesy of Select SPDR’s.