XLF showing relative weakness, diverggencie
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.
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.
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andrew.berg
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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