XLFKeep an eye on XLF over the next few weeks. Breakout above the blue trend line would be bullish financials & ultimately the economy. Breakdown below $31 would be bearish imo.by Essendy1
XLF | SHORTAMEX:XLF Possible Scenario: SHORT Evidence: Price Action, Overbought RSI, Rejection on trendline. TP: 30$ * All the markets are ready for a 10% pull-backShortby shksprUpdated 0
The Financials - back to the scene of the crimeTo the top of this channel again, and my guess is we go back down one more time. I'm thinking similar for the market - down for a nice drop and then a smaller bounce up to create more long term sideways action. The financials may outperform to the downside over the next few weeks/months, but should find support again around 31 - so a 20% drop is what I'm expecting soon. What would cause it? I have no idea. Shortby the_sunshipUpdated 7710
$XLF Janet and Jerome wont let the banks failThey'll just keep pumping them up.... they start to struggle? no problem here is some liquidity.... its really quite terrible, but this setup on the chart is bullish as much as I dont like it. Longby GoldenCrowley1
XLF is aliveNothing better for financials than a FED hike pause. XLF daily chart is experiencing a 21/50 EMA crossover (purple converging with green line), has crossed above the Ichimuku cloud, and sits currently right at 200 day EMA (red line), which is also a key Gann level. XLF could reverse downward off this 200 day EMA, but there is a low volume profile above, so it has potential to rocket above into the next Gann line at 34.48. Given the apparent bullishness in the general indices, I give this bullish potential good odds. Nevertheless, we are not out of the woods with financials in the longer run, should rates remain high, the odds of more financial sector defaults remains high. by UnknownUnicorn131011
Most important $$$ sector in the American marketWe are likely approaching the event that will finally close the bull!@#$ MMT chapter of investment banking. The XLF sector is the most important sector to monitor as the speed and magnitude of its decline will likely dictate how the rest of the sectors will follow. Despite what the FED, government and bankers want us to believe, the financial system is not stable. It is grossly leveraged in CLOs, CMOs, general debt and other corrupt forms of financial engineering, and it shall have to fall for balance to finally return to the financial world. This is exemplified recently by "sudden" collapses of fairly major banks like Silvergate, SVB and soon CS. My hope is the event will not hurt us, the people, too severely when it finally crashes to its final destination. All the green circles are important and possible pausing points, but there is no need to pause anywhere if there is a credit event. GL. Shortby supereUpdated 114
Us financial not looking in good shapeAs per weekly and monthly looks like a long term cycle coming to an end. Green zone ...supply zone... Red zone .. previous demand zone Yellow zone... big boys might want this Just a random guess..... by pratikoza893
XLF has heavy resistance aheadNo thesis here beyond: * I'm bearish on the overall stock market, and * AMEX:XLF seems to be testing the top of a bearish trendline. I am not taking a position on this, but I look forward to seeing if it's down by mid-February.Shortby ChemistNateUpdated 115
XLFDeath cross doing death cross things. $31 was pre-08 & pre-c0vid highs. Needs to hold that level, otherwise I would assume more downside for financials.by Essendy0
Bullish Cypher target $37Looking at this trading range, I've spotted a previous bearish cypher, a current bullish cypher. Price Action has retrace back to the Previous (B) leg of the Bearish Cypher. The Previous resistances, is currently acting as support for the D leg of the present bullish cypher. We can confirm this w/ the bottom of the Stoch RSI. I'm looking to buy put options on $faz ( the financial 3x bear ETF ) near the open bell Monday Morning.. I can also buy shares in the premarket of $xlf or call options. It will depend on the price action of both at that time. Longby moneyflow_traderUpdated 223
XLF UpdateDaily MFI went overbought then rolled over. That's bearish. Most of the time that's the top, but it did peak higher in November after MFI went overbought, so it's not 100% guaranteed, but definitely looks bearish for tomorrow/Monday. Every bank except one went red on earnings today.by hungry_hippo115
XLFDeath cross on financials. I'm not a huge "death cross" = bearish, "golden cross" = bullish guy, but given the history of these events on this ETF and where price is currently at, I think this will end up being bad for bank stocks. I'm short via WFC.Shortby Essendy0
XLF H4 Trading The Corrective SequenceIn this update we review the recent price action in #XLF and identify the next high probability trading opportunities and price objectives to target01:32by Tickmill2
XLF is ready for a new major dropXLF is yet again in a rising wedge. It seems financials like rising wedges :) XLF is rising on lower volume which is very bearish, especially after such a strong drop which indicates more pain to come. RSI did recover after oversold territory. Everything is set for JPM report tomorrow. If the rising wedge falls out, first target is blue dotted line and if that breaks ohhhhShortby Consistent_Trades114
XLF is sick (weekly)The recent selling volume of XLF is surpassed only by the COVID lows of 3/20 (purple circles). XLF currently is showing a little flag at a Gann confluence point (right yellow circle) and at a pivot point from pre-COVID (left yellow circle). RSI trend is negative, although it has retraced off an RSI(12) oversold level. If XLF falls from here, it will have formed a bull trap off the current flag. XLF needs some help to recover from here. Shortby UnknownUnicorn13101442
XLF: Financials see a bounce hereWent oversold into a range that has been supported twice in the last year. Latest low is higher than the last, & the current channel looks bullish. Obviously banks are in trouble but I think we get a cash injection pump to at least the $33.57 fib. This is a risky play, but the TA supports it. A small position wouldn't hurt! Best of luck & God bless!Longby jjimenez11741
$XLF - Can 200 WMA still provide supportSince 2012 200 WMA has provided support with the exception of 2020 covid crisis. Its testing 200WMA again. Can it still provide support this time around? Longby PaperBozz0
XLF makes senseWhen you look at the chart in detail over the year this is something the average eye should have seen anyways... Long story short, the banks always bounce back... looking for some bottom here and strong buying from retail and large institutions and a bounce back into the end of year... remember BAC was $20 in 2020 and went the distance with issues...Longby ismartinvesting1
Warning, warning, financials in huge problemsXLF was for some time in a bullish and bearish mode opportunity. There were chances for bulls as it was close to triggering the bullish reversal pattern, the inverted head, and the shoulder, but it failed. On the other side, bears did have their reversal pattern, a rising wedge that was broken yesterday, triggering a sell signal. This is a zone/situation in which XLF could drop really hard and really fast. Volume is increasing on the drop, which is bearish. We are still above the 50-day MA and BigRed, which is neutral due to the fact we are below the 20-day MA. RSI is dropping hard, signaling weak market conditions. MACD is ticking strong red while the MACD line starts to fall hard. Overall, with the triggering of the rising wedge and breaking below the trendline, there is a really small chance for bulls for some time now. There could be some kind of retesting of that broken trendline, but only retesting after which I expect the price will dive just like that. The first major support should be where there is BigRed and a block area from the end of 2022. The chances for that to hold are not big. For bulls, the only last hope is that we don't make a lower low (blue dotted line), but it is only a hope as it seems for now.Shortby Consistent_TradesUpdated 3
XLF In Trouble? Short Setup There is a common misconception that higher rates are bullish for banks. This is wrong! Banks make money on a spread between short-term bonds 2yr or less and loan out at 10 years or more. Thus when the yield curve collapses as it is doing right now. Bank profits are dwindling as there is less margin for risk-taking when making loans. Dec. 3rd I posted this chart below and said this chart should scare the hell out of you. The simple way to read it is when the spread drops so do bank profits. As a result, earnings should fall. Couple that with the chart indicating a break of a long term up the channel and we have ourselves an excellent short from a risk-reward perspective. As always I remind everyone this is a key area. As such it can go either way. But the bias for me is to the downside. Shortby RealMacroUpdated 3310
AAPL/MFST Key Resistance for $QQQ. XLF Houly Bullflag, 25BPS- 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 still possible need to see bulls show up and hold above 0.382 fib - as long as hourly trend is intact for the bulls on QQQ / SPY / SPX there is no red flag at all for the bulls. Long08:53by ArcadiaTrading1