XLF overbought correction

SPDR Select Sector Fund - Financial (AMEX:XLF)

Updated

AMEX:XLF SPDR Select Sector Fund - Financial

Trend Analysis Chart Patterns Technical Indicators

trendanalysis chartpattern indicator

Entry 25.70
Target bottom of channel
Stop- break through trend line around 26.50

Comment:

After breaking through the trendline, formation of a double top right back to the trend line with very weak macd histogram looks like a potential short position with a downside breakout below the trendline. Will keep an eye on this one.

snapshot

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