XLF Ready for a rebound

The financial sector index (XLF) is down 8.5% from its recent high on 1/14. It is now testing support at 29. The hourly oscillators are in oversold territory. If XLF can break the downward trendline then it has the ability to go back to its recent high at 31.5.
Chart PatternsTechnical IndicatorsTrend Analysis

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