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XLF Financial Stocks Headed Lower

XLF looks to be headed to at least the 22.90 level in the coming days/weeks following this bearish rising wedge breakdown & subsequent thrust to put in a divergent high. Unofficial trade idea although I will say that my confidence is pretty high that at least T1 will be hit. Suggested stop over the recent highs (or lower, if only targeting T1).

XLF daily June 3rd

XLF daily June 3rd

Jun 3, 2016 9:44am|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , |1 Comment

One Comment

  1. Profile gravatar of dan123
    dan123 June 3, 2016 10:00 am at 10:00 am

    Thanks for the update i bought SKF a while back and now slightly under water but still holding on to it because i see big rewards coming soon especially if we take out that 200WMA. 🙂

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