Wednesday, January 18, 2012

XLF FAS

I'm pretty sure GS is behind Financials' move today, however comparing different ETFs because they trade with different demand/volume can often give clues, that's the basis of the name of 3C "Compare, compare, compare"

 FAS 2 min today, if there were confirmation, 3C would be as high as it was at the same relative price level marked by the red trendline.

 That weakness has bled through to the 5 min chart.

XLF 1 min s just starting to get nasty.

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