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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.

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