XLF on the brink againXF financials/banks ETf on the brink again as it strains to maintain the 2 year+ uptrend from early 2016. Close below 27 area could lead to a swift 8%-10% more downside. Leading the market lower post FOMC as 10s-2s yield curve flattens furtherShortby Flash4300
XLF Diamond Looks like a diamond to me, very similar to last year. Also works well with some harmonics patterns. Bounced off closing the gap that was created on the 6th today.Longby Yogigolf1
XLF make or breakexpected sell off on Tuesday, needs to snap back and break out of the broadening wedge to escape the downtrend. little bit of hidden bullish divergence which may help the causeLongby YogigolfUpdated 4
XLF needs a daily close below 26.80A daily close on XLF financial sector etf below 26.80 would break horizontal support and be the lowest close for 6 months and would also be a close below uptrend since 2016....BEARISHShortby Flash4300
63,000 July $28 calls trading todayPrice sit on support. July $26 puts sold. #BTMFD Longby JackyCharts1
XLF - Inside Bar formation w/ potential breakoutThe market has been consolidating after a strong up move. An inside bar pattern has formed during this pause and presents a good opportunity to get in on the next leg up. A good strategy would be to enter on an upside break of the inside bar with a stop loss just below the bottom of the inside bar pattern. It creates a very attractive risk/reward setup.Longby krugman871
Short bullish pop then dropIn my opinion, looks like the weakness of earnings but temporary bullishness of SM will provide short term pop for financials to 28.2X then drop to lower support for next consolation leg down. by JkistlUpdated 111
Financial Sector has found support at the 200-dayXLF has good support at 26.80, which coincides with the 200-day EMA. It will probably trade higher to 28 and then returns to 29. Longby mistrykam3
XLF double channel line bounceXLF at bottom of channel looking to retest highst at 30. Long at 27.05Longby stampede2
OPENING: XLF June/Sept 24/27/28/31 Double Net Credit Diagonal... for a .58/contract credit. Basically, this is a calendarized iron condor or iron fly, where you roll just the short strangle/short straddle body of the setup for cost basis reduction, while keeping the long strangle aspect in place for purposes of defining the risk ... . Take profit is somewhat subjective, but I start to look to bail on the trade at >20% of the width of the wings. With short straddle "bodies," I tend to roll when the short straddle body has reached 25% max; with short strangle bodies, 50%. This is a fairly tight short strangle, so will treat it as a short straddle for purposes of rolling.by NaughtyPinesUpdated 6
Financial forming bear flagFor every positive @allstarcharts is putting out, I can put out a negative. he does have breadth on his side though.by poppop62
XLF shortRemaining short. XLF looks like it is heading lower still. Break of trend and 200DMA support suggests $25 on a close below $27. FED continuing to raise rates with no meaningful inflation reinforces US curve flattening, and damping loan demand, negative for banks.Shortby Flash4301
XLF gets a boost Financials primed for a bounce ... guessing gap fill and trend line test above Channel or chop sueyLongby SMoney143
Bearish pattern on the financialsYou can see here that financials have put in a series of lower low's. Often in such cases, we see retracement back into the original range. If you are looking for a short opportunity entering at the 50% level with a downside target at the 1.6 extension level would offer a reasonable risk/reward ratio. With the midterms coming up, I would expect a low prior to election day. Shortby UnknownUnicorn25381642
XLF ShortFinancials look vulnerable. If market weakness continues, this could be a quick put play.by vectra-trades1
xlf very bearish patternXLF lots more T-Bills auctioned this week. This is the biggest week even for bills. Whole lot of downside risk that financials close week under Feb. lows.Shortby GUMBY9662C1
Testing 200 dma and 2016 election trendlineBounce expected as it has done before. (MACD)Longby opportunistictrader1