SELECT SECTOR SPDR FINANCIAL SECTOR ETF - XLF
Monthly chart shows increased selling pressure, with no buy signal/pattern in sight. Look for continuation lower.
Weekly chart shows lower low made last week. Price is well below the 8ema. No buy signal/pattern evident.
Daily chart shows increased selling pressure on Friday, with the failure of BSC and its need for a bailout. Look for continuation lower.
Saturday, March 15, 2008
Financial Sector Update for 03.15.2008
Posted by TraderZ at 3/15/2008 04:03:00 PM
Labels: Financial Sector, XLF
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