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William-trading

XLF - One more short-term upside. Mid-term potential bull

SPDR Select Sector Fund - Financial (AMEX:XLF)  
William-trading Updated   
AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
XLF had a strong close yesterday night, and with the RSI showing bullish divergence, the stock may continue to rise towards the supply level at 36.00. Afterwhich, the potential sell-off may find itself at a support at 33.48, which potentially could form a bullish flag. Larger pattern saw a cup and handle formation.
Comment:
XLF sell-off at the supply zone was played out.
Comment:
Slight rebound is seen at the 2nd trading session at 33.48.
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