XLF - Is on the rise to break out of a very slight downward channel. A close above $24.93 will indicate a high probability of a bullish trend breaking out. The Rally is already starting to fan out and the Ichimoku Cloud is very bullish. The cloud thickening is a strong sign that price will continue at it's current rate of increase and the bullish trend is sustainable.
Note
Trade Idea VOIDED on 8.10.17
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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.