I'll be watching these 2 charts (Monthly and Daily) on XHB in relation to New Home Sales data to be released on Tuesday (sales are still near 2009 lows, as shown on the graph below).
Immediate resistance is just above at a confluence of a 61.8% Fibonacci fanline, 50 dma, Monthly Volume Profile POC, Monthly VWAP, and the lower 1/3 level from the 2006 high to the 2009 low...price needs to clear and hold above 21.00 for a potential rally...otherwise, I'd look for more downside movement...looks like lots of volatility building here.
Homebuilders ETF (XHB)...Volatility Building

Homebuilders ETF (XHB)...Volatility Building

Homebuilders ETF (XHB)...Volatility Building

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