Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 28, 2015

XLF Financial ETF Double Bottom Bounce Doesn't Follow Through

The XLF Financial ETF found solid support twice over the past two weeks at the pink horizontal line drawn in the upper chart.  As prominent of a support resistance line this is there really should have been a follow through on Monday but falling oil prices took that away.  That pink line will be the line to watch closely as there will be many stops set just below it.

Trade well my friends


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