XLF is doing what I was looking for, in the Friday post (although earlier last week as well as the range became evident) talked about this as a Probable "Trade Trigger", you know what we are looking for in a head fake move.
And in last night's post I used XLF specifically an example because it exemplified so many assets.
If you didn't catch the XLF trade idea set up, just click either of those links and do a Control+F search for XLF and you'll see the ideal set ups for XLF.
Friday Wrap
The Week Ahead.
NFLX did hit the VERY obvious range, but it didn't pick up much volume there surprisingly, maybe $21? In any case, you know what I'm looking for, there are a lot of alarms to be set and a lot going off.
That ES positive divergence worked well, it was there since before pre-market so it should have gone off. I think it will pop NFLX out of its triangle intraday and that may give us the chimney.
It's still early today so a lot can happen and it's been happening faster and faster.
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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