Here are the other XLF/Financials charts I wanted to bring you...
The former high in white, today's attempt in red-note the very heavy volume-looks like churning, that is not bullish.
A closer look at the closing action intraday 1 min chart. 3C is negative as I would expect in a churning environment as well as RSI.
More charts to come, I'll have an update of everything I wanted to cover today but couldn't do to technical problems. I may have to hit the Apple store first as this is very frustrating.
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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