649bruno
Short

TWINS: XLF & IWM, BOTH MOVE IN TANDEM

AMEX:XLF   SPDR SELECT SECTOR FUND - FINANCIAL
15 0 3
I believe IWM             is setting up for the completion of a long top which is rolling over. I believe IWM             will fall to about $95 before moving on to higher highs.
For those of you who chart XLF             , please be aware that XLF             and IWM             move in tandem. If you are charting one then you are charting both.
Both are lagging, both have had technical bounces, and both need to participate in the "stock" market if we are to have a meaningful move higher.
The above chart is of XLF             , but the thick bright green line is IWM             . As you can see, these two issues move together.
I hope this has been helpful and informative. May all of your trades go well. Don.
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