Financials, different this time ?

I have posted this already several times,with the 200d MA as “blocking” resistance.

This time the financials (XLF) have broken the 200d MA, which became now a key support level.

Now, what’s next ?

  • It was a fake move and we’ll go below the 200d MA again
  • Compared to the S&P 500, XLF stopped following SPY. This could be a nice period for XLF, for catching up on SPY. Depends on the current worries on global economies and the effect on SPY.

 

 

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