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OakMarketTrends
Feb 16, 2016 10:45 PM
Long Financials
Long
AMEX:XLF/AMEX:SPY
1W
XLF/SPY
Arca
Description
⋅
Feb 16, 2016 10:45 PM
Weekly charts: the
XLF/SPY ratio
has bounced off the 61.8% fibonacci retracement level of its major long term move started in 2011. Hammer pattern has formed on heavy volume on an absolute basis. Real opportunity to enter in the financial sector.
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