XLF is ready for a new major drop
XLF is yet again in a rising wedge. It seems financials like rising wedges :)
XLF is rising on lower volume which is very bearish, especially after such a strong drop which indicates more pain to come. RSI did recover after oversold territory. Everything is set for JPM report tomorrow.
If the rising wedge falls out, first target is blue dotted line and if that breaks ohhhh
XLF is rising on lower volume which is very bearish, especially after such a strong drop which indicates more pain to come. RSI did recover after oversold territory. Everything is set for JPM report tomorrow.
If the rising wedge falls out, first target is blue dotted line and if that breaks ohhhh
Consistency is the key of success....
