XLF- We Hope We Are Wrong
XLF is heading to a significant crossroads
We will get into the details of the price structure in a future post but know that we STRONGLY feel XLF is heading towards a MAJOR TOP
SPX is in a similar position and its downturn is going to amplify XLFs speed lower
As we said previously this will definitely rattle world markets
As the Banks go, the markets go
Boy we hope this is wrong...
We will get into the details of the price structure in a future post but know that we STRONGLY feel XLF is heading towards a MAJOR TOP
SPX is in a similar position and its downturn is going to amplify XLFs speed lower
As we said previously this will definitely rattle world markets
As the Banks go, the markets go
Boy we hope this is wrong...
Note
Price has moved squarely into the topping zone
We are definitely watching for volatile moves to the downside
Tick...Tock...
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