What will be the problem: Brexit, Greece, Turkey, DB/italian banks/swiss banks or the new refugees crysis? Maybe, all together plus something else which we are not aware of yet?
Probably, this is the reason why the ECB won´t taper the QE programme?
After having a short / Trump squeeze in Nov, it pulled back to $5 and formed a double bottom with a high volume spike in December. It started to move out of the double bottom when broke the regression channel in the end of Jan.
Now its clearly above the neckline and daily ma. I may start a small position in it ...
Clear wave pattern seen in the XLF -0.25% ETF .
I'm expecting one final push up from 23.54 right now in the next few weeks with a target of 24.76 (76.4% retracement of 2008 highs).
It would have been pretty good level to accumulate some long term puts up to a year.
The anti-bank sentiment is far from over, and ...