TICKER: 
XLF
Unlike SPY and QQQ, XLF confirmed its daily bull flag. However, we did see a red candlestick on Friday 12/13 to close out the week.
Could this be the first indication of consolidation for the market? Keep in mind the financial sector is one of the top three section in the market.
Also keep in mind that we closed green for ten weeks straight (see weekly chart). Weekly RSI is approaching 70, but anything above daily support of $30.13 is just a higher low. Break 30.13 and it will be the start of weekly consolidation.
IMPORTANT: XLF is not at its all time high. We are in the resistance zone with XLF's ALL TIME HIGH being $30.97.
XLFUnlike SPY and QQQ, XLF confirmed its daily bull flag. However, we did see a red candlestick on Friday 12/13 to close out the week.
Could this be the first indication of consolidation for the market? Keep in mind the financial sector is one of the top three section in the market.
Also keep in mind that we closed green for ten weeks straight (see weekly chart). Weekly RSI is approaching 70, but anything above daily support of $30.13 is just a higher low. Break 30.13 and it will be the start of weekly consolidation.
IMPORTANT: XLF is not at its all time high. We are in the resistance zone with XLF's ALL TIME HIGH being $30.97.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.