Chronos
Long

Markets are not anticipating a Fed Rate Hike

AMEX:XLF   SELECT SECTOR SPDR TRUST AMEX FINANCIAL SELECT INDEX USD DIS
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--Currently, the XLF is trading at a significant support level at 22.22s. The last time it broke this level was at the beginning of the year with significant recession risks.
-- If the XLF trades above this level, this indicates a short-term bullish outlook to the mid 20s. Could test the prior highs, especially if the FED comes out HAWKISH.
-- Risk defined at :
STOP: below 21.30s
Target Entry : 22.50
Target Exit : 24.00s
-- Markets are not pricing in a FED rate hike for March, and a surprise hike could send this to higher levels and even break former resistance levels


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Comment: Target Reached.
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