XLF long set up

2020年7月8日

XLF is entering the zone where it is set to outperform QQQ, this typically means markets will be going up with sectors like XLF outperforming. After XLF previous spike to test the 200dma it has corrected for 30 days in a falling wedge pattern and sitting at a nice support. Earnings for banks are next week and the charts support a bullish reaction. Gap will at around $27-$30 as targets.

2020年7月18日

注释

watch qqq/xlf ratio... If QQQ starts to outperform again target will be the lowest target 26-27. If QQQ continues to under-perform 28-30.