XLF Financials Minute Chart shows POMO Pump

XLF financials chart from yesterday's action. Can you tell when the POMO pumps occur? Financials and copper are the two uncooperative sectors right now and they need to join the bull side if a broad market rally continues. Therefore, it makes sense that the POMO pumps are trying to jump start these two sectors. Will they succeed?

Use a 16.30 level as a guide this week. Market bulls need XLF above 16.30 so the broad market party lives on; the financial bears remain in control as long as XLF is under 16.30. 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.