XLFNot really a Fib guy but I'm watching this. That extension at $40 has my interest. If price can get there it might time up with a pullback on SPY around 445ish (which I'm also eyeing).
XLF trade ideas
XLF STAYING SHORT @ 37.42In these charts I am going show u how I play the weekly stoch and how I am never late.
37.42 I am short. Look at daily stoch heading down and look weekly heading down. So what weekly does allows me stay in trade longer I am never late if anything I get in to early
Daily stoch heading up but weekly stoch heading down.. Its called a snap back into a down trend.
XLF - IWM fractalXLF has been following a perfect IWM fractal so far. i overlayed IWM recent accumulation pattern on xlf. Lines up with what i think will be a further rotation away from value and into tech/growth next few weeks. accumulated longs at the lows last friday, and will leg into couple month out calls if it can consolidate like this.
XLF STAYING SHORT @ 37.42Daily stoch heading up can go a little higher
more selling buying and we have doji
Weekly just beautiful stoch heading down
and look candles pretty took 3/4 off when we hit support 35.46
waiting to add
all im saying is watch XLF tomorrowrising wedge looking great for the upside, would make a call option but im out of day trades, 10/10 recommended
XLF STAYING SHORT @ 37.42Daily stoch oversold more selling power then buying nice lower highs
under the 50 day
Weekly heading down so trend is down, any rally will fail as long as that weekly stoch heads down
called a snap back into a DOWN TREND
XLF STAYING SHORT @ 37.42Daily lower highs lower lows stoch heading down
vol good we need break that 100 day. But We can bounce here
35.18 100 day.
Weekly look fantastic trend is down
The Credit Cycle - Free Wealth is Over?Idea for Macro:
- Financial sector selling off heavily.
- While it's early to call a bear market, the exhaustion gap at an all time high is a reasonable signal for market reversal.
- XLF, XLE and FAAMG have been holding up the broader markets at this high... Cracks appearing?
Underlying conditions:
- Institutions will invest based on 18 months into the future (Druckenmiller).
- There are 3 relevant possibilities for the banks:
(1) Inflation is sticky, interest rates will be raised in the future, within 18 months. This actually increases the banking sector's profitability, but the price is declining because they have been speculated above valuations.
(2) Inflation is transitory, interest rates will not be raised, and we will have negative real rates. This will hurt the banks' profit margins. This is a possibility due to the 40 year demand-push deflation the US has been in (see Oil/CPI).
(3) More importantly, the economy will decelerate (deflationary). Liquidity components of the Fed B/S have been decelerating and global credit impulse (lending) has gone negative. No more easy lending, less loans, meaning less earnings for the banks. Investors know this and are exiting the overheated trade.
Either way for inflation, global liquidity and global credit impulse are turning down, so the Long Volatility trade seems to be ideal.
Why did global risk assets rise to such insane levels? Credit impulse - easy lending. Now that supply of sugar is gone. Only one thing left that can happen.
GLHF
- DPT
Staying short XLF 37.42Daily stoch still pointing down
beautiful lower highs and todays candle
vol lots more selling then buying 35.29 support
I can see maybe trying rally up some will see.
Weekly stoch heading down needs break 70-68% on stoch
nice candle and vol.
Long | XLFAMEX:XLF
It looks very bullish,
Possible Scenario: LONG
Call options, Strike 39$, 08/20/21
* this is my idea and could be wrong 100%
Staying short XLF 37.42Daily says wants rally some. Daily making lower highs. Lower lows
weekly turning over needs break 70%
Lets see we rally up making another lower high
I still believe banks drop more.
Quad Witching June 18th - Max Pain XLF Max Pain level for options expiring this Friday is $35.00
maximum-pain.com
Not financial advice.
XLFNot a Fib expert but 1.618 from the Covid crash low is $40. This might line up with an overall market pullback...
I am Short XLF @ 37.65Banks are no longer a long . They are rotating out of banks into Tech
Daily looks good nice engulfing candle, stoch pretty
look vol more selling buying
Weekly starting roll but still above 80%. I am early on weekly.
XLF Forecast XLF broke out of multi year resistance level at $29~ After multiple failed attempts. Typically resistance levels become support zones after prices goes thru them. I’m watching current trend for any weakness that could indicate possible move to retest $29.
On weekly chart PPO EMAs have crossed, but week is not over yet. It’s 3rd time this year this cross attempted to happen. If week closes with EMAs being crossed, it would indicate weakness of the trend’s momentum. Interestingly $29 is currently at .5 fib level since 2020 lows.
XLF long @ 37.00Daily stoch great new high and nice uptrend absolutely beautiful
We need is some VOL
Weekly looks great can we get 40 maybe
#XLF: Financial names look strongI like the setup here for some quick gains in this ETF. Downside risk is very low compared to potential upside within the next 10 days give or take.
Longer term this could go higher, value stocks are strong in general due to inflation concerns and the reopening momentum.
Best of luck if taking this trade.
Cheers,
Ivan Labrie.
Long XLF 37.91They are going to print another 8 Trillion
So Imho banks gonna run
Daily looks good nice up trend
Weekly looks good up trend
so close breaking out
See we can get 39
XLF and others might lead the wayAs 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.
Short XLF @ 37.84 high risk tradeDaily running out steam
see if that stoch turns down
Weekly says tired but up above 80%
I am short small shares with a stop
I am early
