XLF (financial sector ETF) is currently backtesting the recently broken key 37.11 support, now resistance level from below with downtrend line resistance just above. As such, XLF offers an objective short entry on add-on here & up to but not much beyond the downtrend line with stops somewhat above it for a swing down to the next target (T2), or wider stops if holding targeting T3. SKF is the -2x (200% short) financial sector ETF with FAZ the -3x. Daily chart below.
XLF Financial Sector ETF Backtesting Resistance
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