Comments on: /IXM & XLF (Financial Sector) Price Targets 9-5-24 https://rightsideofthechart.com/ixm-xlf-financial-sector-price-targets-9-5-24/ Stock Trading, Investing & Market Analysis Thu, 26 Sep 2024 13:57:41 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/ixm-xlf-financial-sector-price-targets-9-5-24/#comment-33515 Thu, 05 Sep 2024 17:18:27 +0000 https://rightsideofthechart.com/?p=215100#comment-33515 A couple of follow-up items to note: The divergence lines on that Oct 13, 2022 bottom in XLF are shown on the daily chart in the post above but the “DH” annotation was cut off on the bottom of the chart.

Also, should this short/bearish call on the financials start to play out & get some traction in the coming days to weeks, as one of the largest sectors on the S&P 500, and the fact that the $VIX volatility index is calculated on put & call buying on the S&P 500, that would likely be a net tailwind for any $VIX long positions such as the recently highlighted VIXY and /VIX.

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