Remember I posted JPM because in one sense I thought it was indicative of what was coming in Financials. Earlier there were few good intraday signals, now as more op-ex positions are wrapped up we start seeing more movement.
This is quick, I could post a lot of charts.
Now Financials are moving, not just XLF, not just a 2 min intraday chart, FAS is moving down even worse, FAZ up.
This is a serious timeframe at 30 min, the negative divergence and leading negative look familiar?
That would be right at the break of the Trend Channel.
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