XLF Financials Index
Break out or break down? Place your bets.
Typically this would be a breakout pattern (should break above, through the flat side). However, volume is decreasing and short-term RSi has been diverging from price.
Click to enlarge
Break out or break down? Place your bets.
Typically this would be a breakout pattern (should break above, through the flat side). However, volume is decreasing and short-term RSi has been diverging from price.
Click to enlarge
The wedge completed, and seemed to resolve to the downside but only for a day.
SPY is now moving up within an uptrending channel. Volume has been decreasing and MACD is in a no-man’s land.
Click to enlarge
(SPY: 132.27 +0.05%)
Waiting for a move out of the triangle.
I’m short, but not SPY.
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