XLF is where I wanted to see it yesterday, FAS is seeing deterioration as the leveraged ETFs often do first or to greater extremes, FAZ is seeing improvement, XLF is seeing deterioration. I'm looking at a very obvious intraday resistance level in XLF at $22.31, considering the fractal nature of our concepts and that we have a fairly decent amount of time left, I'm going to go ahead and put price alerts right above that level and hopefully they hit and that's the entry.
Is interest rates about to start going up?
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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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