supere

Who shall win the Great Plains Battle?

Short
AMEX:XLF   SPDR Select Sector Fund - Financial
Within a week of taking control of the Great Financial Wall, bears drove the bulls far into plains territory where a riveting battle has ensued. I have to show some respect and commend the bulls who have stood their ground the past few days despite having lost the protection of the wall and being ravaged non-stop by the bears and fire of the Phoenix (VIX). However, I must warn that if the bulls lose this battle as well, then it would no longer be bravery but nearly suicide to try and press on. The next evolutionary stage of the Phoenix is of such power it may not have been seen for over 90 years, a fire that could obliterate everything within days. Also, today, the Great Wizard (central banks) fired a spell that worked many times to empower the bulls (rate cut), but it utterly backfired.

In light of the coronavirus and today's FED failure, I now see the possibility that the bull market is finished, so I added a new potential trend line down to XLF sub 12 by 2021.

Please stay safe and good luck, friends!
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.