The earlier triangle in XLF, which is actually a bull pennant, simply saw a shake out and grew a bit bigger, technically it didn't do much if any damage to financials.
The shake out in white. The pennant is still intact.
Is interest rates about to start going up?
-
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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