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gingerbre4d

Impending Recession?

Short
SPDR Select Sector Fund - Financial (AMEX:XLF)  
gingerbre4d  
AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Chart Patterns XLF capitulation
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trendanalysis chartpattern xlf capitulation
Quick TA on XLF, we see a clear double topping pattern, looking for the short term moving average in green / or support from the uptrend channel.

We should expect a bounce or bear flag formation. It this fails on support, likely to capitulate downwards toward $16. Stochastic RSI remains bearish at least for now.
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