goodguy
Short

Financials about to drop?

AMEX:XLF   FINANCIAL SELECT SECTOR SPDR FUND
125 9 7
The RSI-ROC I believe is even more sensitive to reversals and divergences than the RSI . When you get a negative reversal followed by a bearish divergence as we have now (and had in November) often a significant fall follows. The gap has not completely closed so there could still be a small bounce up to close it. Well see. Just the same it all looks bearish to me. Have a great and profitable week.

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jangseohee
7 months ago
base on monthly candle, still up
2 scenario:
1. it breaks the downtrend line very hard and challenging previous all time high, in next 12 months
2. it fails to break the downtrend line and get whipsawing in the triangle, before a final outcome appears
snapshot
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jangseohee jangseohee
7 months ago
snapshot
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goodguy PRO jangseohee
7 months ago
snapshot


Jang I like the triangle idea. I sure hope your wrong about the break UP. One reason I see the pattern the way I do is because there are very Fibonacci relationships.
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goodguy PRO goodguy
7 months ago
Oops what I labeled C and CC at the top right should be B and BB
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goodguy PRO goodguy
7 months ago
But if my black downtrend line is broken I am wrong as I see it now.
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jangseohee goodguy
7 months ago
@goodguy
i hope i am wrong too ^_^
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goodguy PRO jangseohee
7 months ago
Hehehe
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649bruno
7 months ago
My own work in XLF has already indicated it lost all upward phase energy on the hour charts, with the 4 hour charts likely to follow. There is a lot of resistance at $24. You have presented a very interesting concept. I enjoyed it. Thank you. Don.
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goodguy PRO 649bruno
7 months ago
thanks Bruno. From your image it looks like you may a professor. I looked at some of your charts. Look very interesting. I'm working today but when I get some time I look forward to studying them. Nice to see someone who looks at stocks, as so many folks on this site are trading currencies.
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