XLF: Financials see a bounce here

30 Mar 2023

Went oversold into a range that has been supported twice in the last year. Latest low is higher than the last, & the current channel looks bullish. Obviously banks are in trouble but I think we get a cash injection pump to at least the $33.57 fib. This is a risky play, but the TA supports it. A small position wouldn't hurt! Best of luck & God bless!