Posted by fredsaid on 20th of Mar 2023 at 02:17 pm
XLF and BKX ? Were these able to cycle some of the
oversold conditions off because I'm looking at JPM and WFC and it
certainly looks like more downside is likely ?
Posted by fredsaid on 20th of Mar 2023 at 02:30 pm
I took a closer look and it does not appear that these have made
it back to their 9s yet. Doesn't mean they have to but hope
we can flip the script means right now with a bank rally and QQQs
to sell through EOD. That would be a nice setup.
they could go either way. If they break down, then I view that
as a 4th wave, otherwise the longer they go sideways the more
chance they have to break up instead
XLF and BKX ?
Posted by fredsaid on 20th of Mar 2023 at 02:17 pm
XLF and BKX ? Were these able to cycle some of the oversold conditions off because I'm looking at JPM and WFC and it certainly looks like more downside is likely ?
I took a closer look
Posted by fredsaid on 20th of Mar 2023 at 02:30 pm
I took a closer look and it does not appear that these have made it back to their 9s yet. Doesn't mean they have to but hope we can flip the script means right now with a bank rally and QQQs to sell through EOD. That would be a nice setup.
Would love to see XLF
Posted by fredsaid on 20th of Mar 2023 at 02:32 pm
Would love to see XLF pop above 32.
Sure sounds like you're talking
Posted by mastermind on 20th of Mar 2023 at 02:51 pm
Sure sounds like you're talking out of both sides of your mouth. Financials down? Financials up? Which one is it?
Depends which way the coil
Posted by fredsaid on 20th of Mar 2023 at 03:56 pm
Depends which way the coil breaks but I'm favoring a short term move up to the 9EMA and then further downside.... probably safer to play the downside.
they could go either way.
Posted by matt on 20th of Mar 2023 at 03:59 pm
they could go either way. If they break down, then I view that as a 4th wave, otherwise the longer they go sideways the more chance they have to break up instead
Has Yellen come out and
Posted by steve on 20th of Mar 2023 at 02:51 pm
Has Yellen come out and stated that Banks are in great shape?