Jovist

Is XLF on a downtrend?

Short
AMEX:XLF   SPDR Select Sector Fund - Financial
I believe that XLF has potential to touch $32.34 if it breaks $34 and may even retrace back to $30.20. Have patience and wait for it to break 20dma. Huge potential for profits from puts. It may happen in next week or two. Not a financial advice and as always please do your own DD.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.