I grabbed several charts in different timeframes rather than post 20 charts. XLF and FAS (3x Long financials) should show similar signals/trends while FAZ (3x short Financials) should be nearly the mirror opposite.
XLF 2 min
XLF long term 30 min
FAS 2 min trend
FAS 5 min
FAS 15 min trend since the 11/16 cycle started
FAZ 1 min leading positive
FAZ 5 min leading positive
FAZ 15 min leading positive
I want to see what the other industry groups are looking like, there's definitely an increased rate of deterioration in Financials.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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