Trade ideas
Is XLF on a downtrend?I believe that XLF has potential to touch $32.34 if it breaks $34 and may even retrace back to $30.20. Have patience and wait for it to break 20dma. Huge potential for profits from puts. It may happen in next week or two. Not a financial advice and as always please do your own DD. 
XLF- Remain Bearish Banks always have it the worse and always have the hardest time breaking out or getting in control, not sure what banks are holding crypto at that which could of been a big mistake as 2020 and 2021 most banks opened up their crypto portfolios and bought it up as well as real estate and fed rates affect the banks the most as they need to swap money nightly with other banks at extremely high rates now. giving it strong aspect well hit my next short target.  
XLF- Lower lows comingLower lows are coming, the trend is noticeably clear, and the economy is even more clear... it takes about 2 days or so to get the pump we need and then take profits breaking every stock down little by little... what's crazy is that were really going to get these cheap prices again we saw in 2020...
XLF- needs some heavy support hereBanks have been selling off since the beginning of mid-January and could have some more bleeding to do as well... also, we must take in the fact the banks are invested in to BTC & ETH and other crypto's as well and could be losing in the realm as well and smart money knows that, heavy heavy puts on the banks side... and we see citadel is handing them with the crypto as we saw Luna terra crash over the week. Low P:E ratios are about the only thing attractive in these bank stock prices but again they were the first to give out earnings and that's old news by now.
XLF Breaking Down Below Key SupportPrice has been in a downtrend since early this year but has consistently found support at the specified level. In the last 6 months, price has bounced off of that level 5 times and each bounce has resulted in substantial appreciations. Now, that support concords with a prespecified Fibonacci level of support.  However, XLF seems to be breaking down; if it fails to hold this key level, we could see a substantial depreciation in the coming weeks and months. RSI has touched oversold levels (currently at 29) for the first time this year which also indicates an impending downtrend. And the Fed's hawkish sentiment(alerts to the possibility of a 50 basis point rate hike) further supports this bearish thesis for the financial sector and the broader market. Look to enter a short position with a stop loss at $35.5; PT#1 is $29-$30 where support will likely come in again. 
Weird candle formed after rejecting at the key 40 region!The XLF etf left behind an usual candlestick formation on daily charts with the most volume seen in over a week. It also highlights the lack of successful momentum above the 40 range once again. If the psychological 40 mark manages to cap near-term price-action then its likely to re-test 38.70 where some minor support and the 50-day lie. That's where I'd put capital to use even if price-action slips to the 37.70 area, I think intraday oversold signals can be bought. A clean loss of the 37.70 region, the top of a small gap and key 50% retracement level, and its game over for bulls!!  
If bulls can clear the 40 handle, however, then 41.70 should be tested relatively quickly above which could expose 45 then possibly 50. That said, if 41.20/70 provides resistance then the XLF will probably range like it has either side of 40.
Financials in good formMost of the banks trade at market cap of 50-70% of their actual working capital. They have strong balance sheets with lots of cash. And they will benefit from turning overnight repos with 0,05% to bonds with 3% yield. 30 bln in profits out of thin air. Just have to overcome the panic at some point
$xlf deal or no deal Ima Just say what Cathy Woods says, the future is unforeseen lol, but banks tend to do well it's just i have a feeling they're stuck with some gaps on the housing industry and interest rates and that can really crash all these banks. Just because you beat the estimated earnings or have solid earnings does not mean the price action will reflect... There's too much ignorant money in the market as of now and it's starting to show.
$XLF pinching for highs $XLF usually goes long when the 30,50,100 sma all cross over like shown. would be looking to go long here to the $43 range like anything inflation brings soaring prices... so, for example, you go to Walmart bread is more expensive. well, you go to the stock market bank stocks are going to be more expensive... simple logic use your head traders. Do not count banks out at all these are the ones going to bank off these interest rates and all other everything lol 






















