@ashwinpv9, I wish I knew the specifics to the real behind-the-scenes reason, but technical wise - there's a few. I have a date set for Sept. 25th it starts bear market. Until then, there isn't much upside. There may be upside - but not enough to risk going long in the first place. It was either the day before or the day of I called the top of this past "longest losing streak in history" - Aug 28th. stocktwits.com/DerekD_/message/135382287. I also posted a chart a while back about being down 20-30% over next 6 months (Down -6% or so since then). I know it sounds crazy but, there's a reason financials are underperforming - if you search PFG, GS, XLF on my posts, I've been bearish since I first saw PFG. But I wish I could give you a better reason other than the technicals seen back in 2015 & 2008. This is my GS post from not too long ago
ashwinpv9
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@DerekD_, Derek like your analysis . Thanks for your input. My play is for a short term target of 237. I got in options expiring next week.