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gerfsinger

$XLF HOLD or SELL

Short
SPDR Select Sector Fund - Financial (AMEX:XLF)  
gerfsinger  
AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
The financial sector should be benefited from raising rates. But war puts a pressure on the industry as any other "Black Swan event".
Still waiting to lower to support range (33-36 USD).
Head and shoulder indicates a reversion in tendecy. So prices could drop to last broken resistance (aroudn 30-31 USD) coinciding with FIB 0.5 levels (at 29 USD).
Weekly RSI has dropped continuosuly since october. Crossing 30 at index level could help a bullish move and resurgence of price.
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