FINANCIAL SELECT SECTOR SPDR FUND

XLF(daily chart). Possible break Sell, at resistance. At horizontal resistance. Double Top. Possible Weekly Elliott Wave, Triangle measured target. At Fib confluence, 1.618 extension, daily Bat, 1.272 projection, 0.786 weekly retrace. Weekly hammer.

Here the XLF daily chart: with a negative divergence and a bearish wedge we are on the apex of a potential negative drop. A break of the bearish wedge will be a problem for the bulls

The XLF was off to the races this morning as the longer-dated maturities of the yield curve sold off, increasing the spread captured by banks who borrow-short and lend-long. In the middle of the day a key reversal occurred, setting us up for a bearish engulfing candle. This chart pattern is a rally above the previous day's high and a close below the previous ...

Note the complete disconnect between DXY and the run up in financials as of late. UJ performance is marginal and XAUUSD has been acting bearish. Would lead me to infer that DXY troubles are not related to FOMC forecasts and instead more euro-based. This would support the notion that XAUUSD is setting up to take a dive lower as a correction. Secondary interesting ...

XLF - Is on the rise to break out of a very slight downward channel. A close above $24.93 will indicate a high probability of a bullish trend breaking out. The Rally is already starting to fan out and the Ichimoku Cloud is very bullish. The cloud thickening is a strong sign that price will continue at it's current rate of increase and the bullish trend is ...

Chart is fairly self explanatory. Target on the HVF has been met and price action now looking toppy with dollar collapsing. Financials need to retrace to 23.5 at the very least, although would expect more depending on rate hike narrative

Banks-bullish

I suppose. Is it OK to suppose?

The Financial Sector The following ETFs are related to the Financial Sector. The ETFs track different sections of the financial sector as noted. There are many more ETFs in financial subsections for the USA and international equities. Included for each ETF are the symbol, the total Assets Under Management (AUM), the Number of Shares in circulation (Shares), ...

XLF is at its final stages of an impulsive move that started back in 2009. Long-term traders I believe should not be bullish and look to protect their positions either by reducing exposure or by raising their stop protections. I believe over the coming years we will see XLF below 20$ again. The April low is an important support that if broken will confirm the end ...

For the past few months bank stocks have been getting hammered by the falling 10 year despite solid earnings beats and the raising of the Federal Funds rate by 25 basis points to 1-1.25. However, since the bottom of the XLF in late May @ 23, the XLF has been successfully able to hold its support and now after the stress tests results showed positive cash flows ...

IF THIS DOES NOT WORK OUT TRADE THE SIMPLE BREAKOUT RETEST. BANK EARNINGS COMING UP ON JULY 14TH.

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XLF bat formation complete. Potential reversal to 24.2 possible

Two harmonic patterns have been complited.

We should know Monday? Maybe not? Lol.

This is usually a bearish pattern. The big trade is to wait for a breakout to either side. A short position can be opened here with a stop loss above the descending line. I will open a long position in FAZ (3x Financial Bear) at the market open this AM.

XLF AT KEY RESISTANCE LEVEL. BULLISH DOLLAR=BULLISH FINANCIALS.