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I hope this shows up with the charts....

Financials Update

Since Financials seem to be the key to the S&P moving, here’s an update on what they are looking like right now.

XLF 5 min chart looking pretty strong

Another financial, IYG 5 min looking strong, not quite as strong as XLF, but remember that IYG has been underperforming the XLF the last 2 days.

FAZ, a financial short or inverse is breaking down a bit

SKF is another financial short or inverse ETF and it looks largely the same as FAZ above. So there’s 4 charts that are all more or less pointing in the same direction, Financials to gain ground, which should lift the S&P