TrevorWoosnam

Short Financials

Short
TrevorWoosnam Updated   
AMEX:XLF   SPDR Select Sector Fund - Financial
Chart is fairly self explanatory. Target on the HVF has been met and price action now looking toppy with dollar collapsing. Financials need to retrace to 23.5 at the very least, although would expect more depending on rate hike narrative
Comment:
With how USDJPY and XAUUSD have been acting after FOMC this is very much still in play, high likeliness of near-term 23.50, although going lower will take a bit more.
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