The Financials - back to the scene of the crime

١١ فبراير ٢٠٢٣

To the top of this channel again, and my guess is we go back down one more time. I'm thinking similar for the market - down for a nice drop and then a smaller bounce up to create more long term sideways action. The financials may outperform to the downside over the next few weeks/months, but should find support again around 31 - so a 20% drop is what I'm expecting soon. What would cause it? I have no idea.

١١ فبراير ٢٠٢٣

ملاحظة

SPY divided by XLF, look like this wants to go higher -

١٧ فبراير ٢٠٢٣

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weekly reversal candle

٢١ فبراير ٢٠٢٣

ملاحظة

any bounce is a short on XLF

١٠ مارس ٢٠٢٣

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XLF broke the midline - any rally up to it is an objective short. I think next week it will be possible on some positive news

١٣ مارس ٢٠٢٣

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expect a healthy bounce this week and then more selling. xlf/spy chart indictes more weakness to come in financials

١٣ مارس ٢٠٢٣

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banks now close to channel trendline, expect a bounce of about 10percent soon.

١٣ مارس ٢٠٢٣

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spy/xlf rsi daily at it's highs, expect a large pullback here and then more upside.

١ يونيو ٢٠٢٣

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precarious moment for banks. i think it breaks

٩ يونيو ٢٠٢٣

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it didn't break, but it's at heavy resistance here. I expect lower.

٥ يوليو ٢٠٢٣

ملاحظة

RSI on daily finally reset enough on the banks - target of bear flag is 25 dollar area for XLF.