Friday, July 12, 2013
XLF Financial Sector ETF Weekly Chart Overbot Negative Divergence
The financial sector rally is long in the tooth with a 2-year rally from 11 to over 20, a double off the bottom. The negative divergence clearly shows the banks running out of gas. Prices are in a topping phase now and should rupture the lower red trend line and move lower as the weeks play out. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.