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UnknownUnicorn461520
Nov 22, 2016 8:58 AM

No US Market Crash until XLF reaches $26-28 

SPDR Select Sector Fund - FinancialArca

Description

May get decent pullbacks on the way up, but I do not expect real selling until financials reach support lost from 2008 highs. I would expect to see distribution and momentum slow as we approach $28. If and when that happens, I would be looking to build a large short position in SPY.

Comment

Getting scary up here.
Comments
Devise2Day
i am maintaining today we`ll see no crash like 2008 - much more an exemption while the next 4-8 years under president trump :)
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