YaKa

US financials - Room for relief and DOWN

AMEX:XLF   FINANCIAL SELECT SECTOR SPDR FUND
70 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.
jangseohee
2 years ago
doesn't look quite good for log scale
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YaKa PRO jangseohee
2 years ago
Definitely a cliff.
it could still rebound though...
Complex enough that i decided to do nothing until Draghi
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+1 Reply
YaKa PRO
2 years ago
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
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