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SPDR Select Sector Fund - Financial

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XLF trade ideas

>BAD DAY FOR FINANCIALS<ElliotWaveFLATabc>3-3-5<CORRECTION<SHORTAs this title suggests. Things could get very bad for American Financial companies. We are directly at the cusp. 2 scenarios play out from here. This is the bearish scenario where we have JUST completed A 3-3-5 FLAT abc Elliot wave correction from v dumps. We should see another leg down equal to the V DUMP , dump from here. This will complete the 3-3-5 Correction on the larger timeframe. The Primary (yellow) ABC. ----- A = V Dump B = Rally to here (flat correction itself, just completed) C = Another drop 1:1 V Dump just beginning. --------- A one to one Fib Based extension of the drop puts us ... at the bottom of the chart there. The C wave completion Down. ---- Pull out your shorting pants chaps. One robot fist at a time.
AMEX:XLFShort
by thatsblatzphemy
2
XLF - What's next for financials?Closed out bullish options on NVDA, AAPL, and MSFT today as our bet on the rotations from airlines/oil to tech was successful. With the upcoming federal reserve stress test results to be announced - what is next for the financials? Today's XLF candle sits on the 0.382 fib. RSI dipped below w/ increasing accumulation - so could potentially be a BTFD situation to the next level. More likely than not will accumulate here for a bit until 6/25. Regardless, entered GLD calls for 6/19 as the dollar weakens and VIX increased a bit today. In summary - not sure where we are headed and what is the come for the rest of the week. Thoughts welcome.
AMEX:XLF
by Ahn_Options_Trading
2
GoNoGo Charts sees Financials playing catch upThe financials sector looks as though its finally started to catch up with the overall stock market. This is a daily GoNoGo chart of XLF. You can see that it has had a much longer, more drawn out recovery than most of the S&P sectors and has still yet to make up more than about half the fall. Compare that to the tech sector which is right back, close to the highs of February. The GoNoGo chart reflects this, with the GoNoGo Trend indicator flagging a “Go” most recently on May 26th. 
The GoNoGo Oscillator is also now strongly positive and has been for several bars.
AMEX:XLF
by GoNoGoCharts