Click to enlarge
$RIFIN broke down. Fibonacci retracement targets are on the chart.
- 50MA acting as support at the moment
- 20MA turning down
- Stochastics and MACD going negative
Most of the time FAS and FAZ are up/down the same percentage. But every once in awhile they go off track, don’t know if it’s intentional or what.
Today is one of those days. (FAZ: 13.99 +1.30%) is up rought 1% less than (FAS: 58.19 -1.17%) is down. They may even out at the end of the day, but from what I’ve seen before, this will not be corrected.
I suppose it could be because of the afterhours or premarket action, but not sure.
(XLF: 26.17 -0.49%)
Clean breakout on higher volume…