Near the completion of a long-term 5 wave sequence
XLF is at its final stages of an impulsive move that started back in 2009. Long-term traders I believe should not be bullish and look to protect their positions either by reducing exposure or by raising their stop protections. I believe over the coming years we will see XLF below 20$ again. The April low is an important support that if broken will confirm the end of he impulsive wave and the start of the correction that could push price even towards 15$
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