The Financials - back to the scene of the crime

11 февр. 2023 г.

To 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.

11 февр. 2023 г.

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SPY divided by XLF, look like this wants to go higher -

17 февр. 2023 г.

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weekly reversal candle

21 февр. 2023 г.

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any bounce is a short on XLF

10 мар. 2023 г.

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XLF broke the midline - any rally up to it is an objective short. I think next week it will be possible on some positive news

13 мар. 2023 г.

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expect a healthy bounce this week and then more selling. xlf/spy chart indictes more weakness to come in financials

13 мар. 2023 г.

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banks now close to channel trendline, expect a bounce of about 10percent soon.

13 мар. 2023 г.

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spy/xlf rsi daily at it's highs, expect a large pullback here and then more upside.

1 июн. 2023 г.

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precarious moment for banks. i think it breaks

9 июн. 2023 г.

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it didn't break, but it's at heavy resistance here. I expect lower.

5 июл. 2023 г.

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RSI on daily finally reset enough on the banks - target of bear flag is 25 dollar area for XLF.