$XLF Financials showing signs of a possible 20-30% Correction
It is not a hard concept to grasp. The markets respect these Fibonacci Levels. XLF vs SPY has been another weak indicator for the financial sector. It would not surprise me to see prices in the $17-$18 range in the intermediate term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.