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SPDR Select Sector Fund - FinancialSPDR Select Sector Fund - FinancialSPDR Select Sector Fund - Financial

SPDR Select Sector Fund - Financial

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XLF trade ideas

Run Play Choices are Zone, Gap or MAN!XLF bounced in a big way in Wednesday Trading stopping a multi-week selloff. On the 4HR I see a Head and Shoulder with a profit target up to 2021 highs. On the 30 minute I see a double bottom form. Which leads to a Cup and Handle Put them all together and you have a solid trading plan to ride XLF up to top of channel. As these patterns validate or not, I will update the idea with some options ideas for entries and exits along each step. Follow if you would like to receive updates. My bias right now is bearish which conflicts with this idea playing out. Do not let your bias miss a secular trend.
AMEX:XLFLong
by SPYvsGME
8
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.
AMEX:XLFShort
by ismartinvesting
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.
AMEX:XLF
by ismartinvesting
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.
AMEX:XLFShort
by UnknownUnicorn30271326