Tuesday, March 22, 2011

XLF Financials 30 Minute Chart Descending Triangle

XLF financials 30 minute chart showing a descending triangle that should finish before the close today. Taking the red bar height of the triangle and projecting under the base line would target 16.10-16.15 which is horizontal support and also fills that huge gap left behind three days ago. The broad markets can not go up without the financials cooperating, and they are not cooperating right now. 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.