Get started
crawfordpaul

XLF- Mac-D serving as an early buy signal.

SPDR Select Sector Fund - Financial (AMEX:XLF)  
crawfordpaul  
AMEX:XLF   SPDR Select Sector Fund - Financial
Oscillators Volume Moving Averages XLF xlflong financials BANK Coronavirus (COVID-19) tradewar
2
0
oscillator volumestudies movingaverage xlf xlflong financials bank coronavirus tradewar
XLF has seen some channel trading from 2018 too early this year. Finding its range peak in February of 2020 it crashed hard and has been working it's way up since. In red and green (A-D) are the main support and resistance levels and I have noted on the MAC-D where price has reversed, and also accounted for some major financial events such as the Chinese trade war and COVID-19 pandemic. XLF seems to have found its new channel and will either retest its support on the downside and hold the channel or test the SMAs as resistance on the upside and possibly find its way into the former price range leading up to the election. I am going to use MAC-D as my signal to buy as we near a cross.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.