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burn_infinite

XLF - banks not looking good 6-12mo

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SPDR Select Sector Fund - Financial (AMEX:XLF)  
burn_infinite  
AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Chart Patterns Technical Indicators XLF xlf_sell banks bankstocks banking financials options
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trendanalysis chartpattern indicator xlf xlf_sell banks bankstocks banking financials options
Potential for a fakeout here but my hypothesis is that we see new local lows on XLF by the end of 2020. You may think the banking sector looks poised for a rebound if you look at the weekly candles, but the monthly candles look like this dump could just be getting started.

Short XLF
Entry: $23-25
Stop: 26.50
Target: $18.50 - $13
Assess in October, adjust 18.50
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.