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Kazparov

XLF Inverse H&S breakout.

Long
SPDR Select Sector Fund - Financial (AMEX:XLF)  
Kazparov  
AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Technical Indicators
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trendanalysis indicator
As noticed yesterday XLF seems to be trading in series of H&S patterns. We've had a confirmed breakout of the IHS pattern it had been forming.

It appears that the height of the breakout is equal to the previous head. I'm projecting this will run up to touch test the 200 DMA which is around $25.75-25.80

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