SHORT | XLF Short

SPDR Select Sector Fund - FinancialArca

Description

⋅ Mar 2, 2022 5:22 AM

AMEX:XLF

Possible Scenario: SHORT
Evidence: Price Action
It's bearish as hell, and it's correlated to XLK by 0.85; it gave us the early signal of the crash today; I expect a 10% -20% correction in Tech Large Caps soon.
TP1: 35$
*It's my idea and could be wrong 100%.

Trade closed: target reached

⋅ Sep 13, 2022 2:25 PM

Comments

Original_Stock_Whisperer

⋅ Mar 2, 2022 5:53 AM

Ill be looking for the bounce in the short term... but sure, going weeks and months out, more downside. Up before down.

shkspr

⋅ Mar 3, 2022 2:00 AM

@Original_Stock_Whisperer, bounce is done, we will see the red days now, this is a swing trade for sure.