XLF - a good barometer for banking stocks to buy/sell
Also, notice at price zone of 20, it was resisted several times at the 618 FIB level before breaking out strongly on 3rd Oct 2016 and price has gone northwards since.
Pullbacks are healthy and great for those who are accumulating their favourite bank stocks. One must not let the doom and gloom reports by many experts creating too much fear in the market and stopping us from buying.
I continue to believe US tax reforms is good for the equity markets, USD has more to go upwards and especially the recent visit of President Donald Trump to China symbolised an exceptionally good move to the global economy. Happy trading:)