DerekTradeEZ

XLF Strong compared to other sectors

AMEX:XLF   SPDR Select Sector Fund - Financial
Ticker: $XLF

Huge gap up open and bulls ran with it. The only reason why SPY was so strong is because of the financial sector.

XLF closed above the All time high (30.33)! We need more bull volume to confirm it is a clear break or else I would still consider it a double top with 30.33 if we reject.

If we consolidate pre market and bulls open with fire, that would be ideal for bulls.

If we consolidate hard, expect a 4 hour high low to form because retesting the All time high of 30.46.

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