andrew.berg
Short

XLF showing relative weakness, diverggencie

AMEX:XLF   SPDR SELECT SECTOR FUND - FINANCIAL
Two days ago this financial ETF failed to close above trend line and bears took control of price action.

With $SPY sitting in front of resistance i am considering breakdown scenario with targets at $21.51 then $21.20 then we have 200MA at $21.

Stops above $22.01 and $22.20.
Energy Stocks Break Out vs Financials http://allstarcharts.com/energy-breaks-vs-financial-sector/?utm_source=dlvr.it&utm_medium=twitter
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