YaKa

US financials - Room for relief and DOWN

AMEX:XLF   SPDR SELECT SECTOR FUND - FINANCIAL
71 3 1
It could have fallen from Oct13...

Instead, it has managed to grind in a narrow channel for a year.

Probably a short after a few weeks neutral bias up.
Important note:
Shorting after 3 weeks/8% down is always a tricky exercise from money management point of view.
This one could be the right one for a short but not easy to manage if gets wrong.
+1 Reply
doesn't look quite good for log scale
Reply
YaKa jangseohee
Definitely a cliff.
it could still rebound though...
Complex enough that i decided to do nothing until Draghi
+1 Reply
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