goodguy
Short

Financials at the top?

AMEX:XLF   SPDR SELECT SECTOR FUND - FINANCIAL
28 0 0
A while back I posted a long term chart of XLF             with a target zone that price has finally hit. It doesn't mean it will reverse now but it would not surprise me if it does. So far the action today looks like it has hit a new high at the open then has declining since. If this continues to the close we will have a nice bearish engulfment. If so it would seem to me like a good place to short with a stop on any close above today's high. Take care. Good luck. Good guys.
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