All information in the video. I think a turn for xlf is coming and it may be quite strong. Under 37.50 will be a marked change especially if they close the week below it. Good luck!
Some interesting developments in the bank etfs today - XLF and KRE, worth watching on both a weekly and daily basis. Long term JPM looks like a head and shoulders may be forming.
In this update we review the recent price action in #XLF and identify the next high probability trading opportunities and price objectives to target
- 7.5% move on QQQ/NASDAQ in 4 days. AAPL and MSFT now hitting key resistance, will be watching to see if it can break above or not for QQQ to continue. - likely a slight pullback hourly consolidation for QQQ before attempting another leg up. - after ECB hiked 0.5% this morning our rate hike of 25Bps increased to 80% chance this morning. - XLF hourly bullflag...
To be honest i don't know where XLF will go from here. With my current skill level and studies, I think we can go a little more lower. What do you guys think? Comment Below
XLF financials, Stocks to GDP and stocks to gold, all tell the story. Our debt based system is bottlenecked. More money is 'needed'.
Warning in all asset classes remains. Better to be out of the market wishing you were in rather than being in the market wishing you were out. Share the Love so we can help others.
Warning in all asset classes remains. . Better to be out of the market wishing you were in rather than being in the market wishing you were out.
Breakdown of Each chart Top left - S&P 500 / General market Bottom left - QQQ / Nasdaq / Tech sector Top right- XLF / Financial sector Bottom right- Dollar index .
In this video I've shown the longterm price action for the financials. The take away here is that a ~2 year bear market which corresponds to wave C has most likely begun.
I see an easy 10%-15% downside risk opening up in XLF. I have taken a short position via 34 strike price puts for may 21 expiry. My target is 31 to close position and will consider going long @ 29 level.
S&P 500 finally has a setup. And FED balance sheet is magically still going down. Let's get in here. In the news now, we see that Trump's tax returns may be made public, but probably not, at least not before the election. But the real news now is the liquidity. FED isn't printing. Congress hasn't started flooding liquidity from the Treasury General Account.
I stopped posting a while back cause markets were no longer markets. Now I see what is developing and its going to be a big problem.
All up to XLF ,IWM and they are weak please watch TVIX may be able get that 1000 again
Banks XLF, KBE,and IWM they are lagging but we can go 302 easy by manipulation but lets watch we break 302 I will go long until then I am staying short
All up to XLF , I say we hold some story will come out big question is how far can we rally 295 is easy but can we get thru we are still basing here and in down trend, but lets see next few days. Stay hedged though i am out all short but have TVIX .