SPDR SELECT SECTOR FUND - FINANCIAL AMEX:​XLF

The oversold bounce is real and bulls have changed the daily trends to their favour, but the weekly trends have yet to change. Here's what I'm looking for heading into next week - We have tight ranges on SPY, Tech and Financial sectors and the breaks of these ranges will give us clues for what to expect this coming week

25.40

Find Winning Trades In Seconds >> efcindicator.com (Special Discount) SPDR SELECT SECTOR FUND (XLF): All The Pivots, Supports & Resistences

WHy is this in the green after a couple bad reports? I dunno, short it. WFC isn't going to do any better.

Entered yesterday and position, via options, and ended up about where we entered minus a few $ for commissions and option spreads. Today on 195 minute bars we see a 50% retracement from yesterday, the price just at LT resistance and a very tight triangle. Plan to go short at 24.02 with target around $22 or lower.

XLF in downtrend Retraces to form triangle Cannot close convincingly above blue trend line. Stops at previous support which is now resistance and at 0.786 retracement Fractal flow shows down turn. Conservative entry is for it to break lower border of triangle, aggressive is for it to breat last 130 bar. SL just above yesterday's high. Frst TP it at 22.11

So here we are, right back to the same price level as the last Fed rate announcement. Complete retrace of the tank for XLF, along with AMZN. In fact, retail XRT is actually higher than it was before the announcement, because apparently neither banks nor retail care about interest rates, lol. Look at HYG, corporate bonds are right back up there as well. If the ...

Metrics: Max Loss/Buying Power Effect on Setup: 2.18/contract Max Profit on Setup: .82/contract Break Even: 23.18 vs. 22.81 spot Debit Paid to Spread Width Ratio: 72.7% Theta: .26 Delta: 37.46 Notes: Here, I'm just shopping around for particularly weak sectors in which to put on bullish assumption plays that will have plenty of time to work out and/or reduce ...

It is Christmas Eve and trading volume is thin... but XLK just crossed below the 200 weeks MA line. If it will close the week this way, it will be another bearish sign for U.S stocks.

Quick TA on XLF, we see a clear double topping pattern, looking for the short term moving average in green / or support from the uptrend channel. We should expect a bounce or bear flag formation. It this fails on support, likely to capitulate downwards toward $16. Stochastic RSI remains bearish at least for now.

XLF is at the bottom of a channel from 2012. The fact that we are there is a positive for the whole market.

$XLF Financials ETF - Looking oversold on the daily chart after closing red or flat for 8 straight trading days. Ending the day today right at a key support level just under $24. A bounce in the coming days definitely hinges on the FED not raising rates tomorrow. If they do nothing, I expect a near term price recovery in the XLF back to the $25-$26 range by year ...

Lowest close on the S&P500 in 15 months as very key weekly support levels were broken today. We're now staring down at the low of the February dump as my line in the sand for the bulls.

Even with the earning season we are in right now, does it even matter? If there isnt enough liquidity in the market? In my opinion every pop to the upside is an oppurtunity to just sell from higher prices.

Whats up traders, Most of the explanation is on the chart - pretty self evident what i am looking at.

Potential hourly bear flag setups tomorrow in SPY, QQQ and XLF. Low of today will be key support for tomorrow

Trading in BB3, looks like O/S week so far $XLF

Checking in on SPY, QQQ and XLF. SPY and tech sectors looking to test recent weekly supports, meanwhile the financial sector lost that support today and has only the low of October left. In my opinion these supports are must hold levels for the market and the two largest sectors in the S&P500