Once XLF closes above trend line on weekly chart and opens Monday 2/15/21 higher than Friday's 2/12/21 close I am expecting a breakout. I will be buying September out of the money options around $34. Right now they are $1.20. It could possibly 3x in relativity short period of time. If it is rejected at trend line it could be a triple top and get slapped down pretty hard. I am leaning towards a breakout. I am not a financial advisor. Do your own DD.
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XLF closed above the weekly resistance line on the weekly. Closed at an all time high close on the weekly and daily candles. XLF is still 8 cents away from the ATH. If we open at an ATH on Monday I will be adding to my position.
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Best trade of the year so far! Going to tighten my stop loss so I can lock in profits