Banks appears to have begun a break out, I'm looking to break middle BB on weekly for trigger then stop out. I like the 5ma on the weekly beginning to turn up in coordination with the could as building support.
In all, Friday showed some potential signs of a pullback/consolidation (I try not to guess based on one day though), so will look for that middle BB to give clue.
Second consideration, attempt to find single banks with relative strength on the assumption that the XLF takes confirms break out.
Just some thoughts.
In all, Friday showed some potential signs of a pullback/consolidation (I try not to guess based on one day though), so will look for that middle BB to give clue.
Second consideration, attempt to find single banks with relative strength on the assumption that the XLF takes confirms break out.
Just some thoughts.