Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Pages
▼
Tuesday, March 22, 2011
XLF Financials 10 Minute Chart Descending Triangle
XLF financials ten minute chart looking at today's two-day descending triangle. Price started to fail at the base line but was saved by the bell, hanging on by its proverbial finger tips. Big gap sits underneath acting like a magnet. 16.10 is the descending triangle pattern target if it plays out in tomorrow's session. If the financials head lower, so will the broad markets. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.