As noted in my previous ideas about 
SPY (bearish), 
XLF, 
XLI, 
IWM, 
XLE might be the catalyst that leads the markets higher. XLF tapped the 8day EMA twice before going back to positive which to me shows resilience with a market that has no sense of direction. A nice hammer doji before breaking off into Memorial Weekend. XLF might try and tap the upper band (38.50 - 39) before fading back to middle channel.
SPY (bearish), XLF, XLI, IWM, XLE might be the catalyst that leads the markets higher. XLF tapped the 8day EMA twice before going back to positive which to me shows resilience with a market that has no sense of direction. A nice hammer doji before breaking off into Memorial Weekend. XLF might try and tap the upper band (38.50 - 39) before fading back to middle channel. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.