Cash pile to start earning moneyAn incredible 2 trln in reverse repo have to start working at some point. Bonds are the most obvious destination raising 0,05% per annum yields to 3%+. An extra 60 billion in profits
XLF trade ideas
Banks Short Again?Looking for some selling in this sector as well, we broke out of the downtrend so we don't have to retrace all the way down, but we should see some support in the area shown and a move back up, will be looking for a breakout next go round.
Is XLF on a downtrend?I believe that XLF has potential to touch $32.34 if it breaks $34 and may even retrace back to $30.20. Have patience and wait for it to break 20dma. Huge potential for profits from puts. It may happen in next week or two. Not a financial advice and as always please do your own DD.
Financial sector analysis 10+ years outreviewing the financial sector monthly chart. I'm looking for a possible breakout of the monthly chart once the stoc rises above previous AD breakout level . It needs to create a bull flag first. Long on the dips
Elliott-Wave Theory- Seven Wave Crashing Structure.Here is a common crashing structure taught by popular YouTube Block Chain Backer, and we see that a financial drop should realize around Q1 of 2023 because of macroeconomic news moving the market.
Falling wedge in BanksThe bank ETF has retraced to the 382 fib and also happens to be in a falling wedge
Chart watching this. Getting interesting.
$XLF has some gaps to fill on the upsideKeeping eye on these gaps overhead on $XLF. The longer time frames are looking like a bullish reversal. Price is bouncing at the weekly linear regression channel and 200 ema as well.
XLF- Remain Bearish Banks always have it the worse and always have the hardest time breaking out or getting in control, not sure what banks are holding crypto at that which could of been a big mistake as 2020 and 2021 most banks opened up their crypto portfolios and bought it up as well as real estate and fed rates affect the banks the most as they need to swap money nightly with other banks at extremely high rates now. giving it strong aspect well hit my next short target.
XLF- Lower lows comingLower lows are coming, the trend is noticeably clear, and the economy is even more clear... it takes about 2 days or so to get the pump we need and then take profits breaking every stock down little by little... what's crazy is that were really going to get these cheap prices again we saw in 2020...
XLF- needs some heavy support hereBanks have been selling off since the beginning of mid-January and could have some more bleeding to do as well... also, we must take in the fact the banks are invested in to BTC & ETH and other crypto's as well and could be losing in the realm as well and smart money knows that, heavy heavy puts on the banks side... and we see citadel is handing them with the crypto as we saw Luna terra crash over the week. Low P:E ratios are about the only thing attractive in these bank stock prices but again they were the first to give out earnings and that's old news by now.
$XLF Support at $31$XLF has broken through and retracing near term support in the past few sessions. I don't see any meaningful support until $31.
I see similar damage and downside risk with $RUT and $SPX. Charts to come.
XLF has also ended wave 4Financial sector has also ended wave 4. Almost every chart show the end of wave 4. Some assets ended wave 3 in september, other in november or january. Market in now going to develop wave 5 UP
XLF Breaking Down Below Key SupportPrice has been in a downtrend since early this year but has consistently found support at the specified level. In the last 6 months, price has bounced off of that level 5 times and each bounce has resulted in substantial appreciations. Now, that support concords with a prespecified Fibonacci level of support. However, XLF seems to be breaking down; if it fails to hold this key level, we could see a substantial depreciation in the coming weeks and months. RSI has touched oversold levels (currently at 29) for the first time this year which also indicates an impending downtrend. And the Fed's hawkish sentiment(alerts to the possibility of a 50 basis point rate hike) further supports this bearish thesis for the financial sector and the broader market. Look to enter a short position with a stop loss at $35.5; PT#1 is $29-$30 where support will likely come in again.
Nice rounding top forming on the XLF.Weekly chart of the $XLF. Rounding top off as it battles the price shelf (VPVR on right). Likely to struggle on the way down to truly fall but will ultimately fail at the 72 to 89 EMA cloud (red cloud). Likely retesting $31 towards the end of this year.
Banks on the Edge?Banks look on the verge of long term breakdown out of broadening wedge pattern with massive monthly RSI divergence.
Weird candle formed after rejecting at the key 40 region!The XLF etf left behind an usual candlestick formation on daily charts with the most volume seen in over a week. It also highlights the lack of successful momentum above the 40 range once again. If the psychological 40 mark manages to cap near-term price-action then its likely to re-test 38.70 where some minor support and the 50-day lie. That's where I'd put capital to use even if price-action slips to the 37.70 area, I think intraday oversold signals can be bought. A clean loss of the 37.70 region, the top of a small gap and key 50% retracement level, and its game over for bulls!!
If bulls can clear the 40 handle, however, then 41.70 should be tested relatively quickly above which could expose 45 then possibly 50. That said, if 41.20/70 provides resistance then the XLF will probably range like it has either side of 40.
Financials in good formMost of the banks trade at market cap of 50-70% of their actual working capital. They have strong balance sheets with lots of cash. And they will benefit from turning overnight repos with 0,05% to bonds with 3% yield. 30 bln in profits out of thin air. Just have to overcome the panic at some point
Bull market $xlf We can't never call what's going to happen only the pressure points we can lead to and below ive featured some point we could possibly hit for big money on the option chain.
$xlf deal or no deal Ima Just say what Cathy Woods says, the future is unforeseen lol, but banks tend to do well it's just i have a feeling they're stuck with some gaps on the housing industry and interest rates and that can really crash all these banks. Just because you beat the estimated earnings or have solid earnings does not mean the price action will reflect... There's too much ignorant money in the market as of now and it's starting to show.
