XLF - Bullish (a little bit)

Financials have certainly busted out these last few days and I have put up 2 EW counts that might suggest it could keep going over the coming days and weeks. The problem I have however is knowing whether the 2018 correction is actually over or not and it is just as possible that the correction takes another turn and continues down. If the red count turns out to be correct then in the spirit of alternation we could expect a deeper correction yet as the 2nd wave was only shallow. Lots of interesting things happening in the financial markets. Never a dull moment.

Comment:

turning up nicely......