The Financials - back to the scene of the crime
To the top of this channel again, and my guess is we go back down one more time. I'm thinking similar for the market - down for a nice drop and then a smaller bounce up to create more long term sideways action. The financials may outperform to the downside over the next few weeks/months, but should find support again around 31 - so a 20% drop is what I'm expecting soon. What would cause it? I have no idea.
Bình luận:
SPY divided by XLF, look like this wants to go higher -
Bình luận:
weekly reversal candle
Bình luận:
any bounce is a short on XLF
Bình luận:
XLF broke the midline - any rally up to it is an objective short. I think next week it will be possible on some positive news
Bình luận:
expect a healthy bounce this week and then more selling. xlf/spy chart indictes more weakness to come in financials
Bình luận:
banks now close to channel trendline, expect a bounce of about 10percent soon.
Bình luận:
spy/xlf rsi daily at it's highs, expect a large pullback here and then more upside.
Bình luận:
precarious moment for banks. i think it breaks
Bình luận:
it didn't break, but it's at heavy resistance here. I expect lower.
Bình luận:
RSI on daily finally reset enough on the banks - target of bear flag is 25 dollar area for XLF.
