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SPDR Select Sector Fund - Financial

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XLF trade ideas

XLF- Remain Bearish Banks always have it the worse and always have the hardest time breaking out or getting in control, not sure what banks are holding crypto at that which could of been a big mistake as 2020 and 2021 most banks opened up their crypto portfolios and bought it up as well as real estate and fed rates affect the banks the most as they need to swap money nightly with other banks at extremely high rates now. giving it strong aspect well hit my next short target.
AMEX:XLFShort
by ismartinvesting
XLF- needs some heavy support hereBanks have been selling off since the beginning of mid-January and could have some more bleeding to do as well... also, we must take in the fact the banks are invested in to BTC & ETH and other crypto's as well and could be losing in the realm as well and smart money knows that, heavy heavy puts on the banks side... and we see citadel is handing them with the crypto as we saw Luna terra crash over the week. Low P:E ratios are about the only thing attractive in these bank stock prices but again they were the first to give out earnings and that's old news by now.
AMEX:XLF
by ismartinvesting
XLF Breaking Down Below Key SupportPrice has been in a downtrend since early this year but has consistently found support at the specified level. In the last 6 months, price has bounced off of that level 5 times and each bounce has resulted in substantial appreciations. Now, that support concords with a prespecified Fibonacci level of support. However, XLF seems to be breaking down; if it fails to hold this key level, we could see a substantial depreciation in the coming weeks and months. RSI has touched oversold levels (currently at 29) for the first time this year which also indicates an impending downtrend. And the Fed's hawkish sentiment(alerts to the possibility of a 50 basis point rate hike) further supports this bearish thesis for the financial sector and the broader market. Look to enter a short position with a stop loss at $35.5; PT#1 is $29-$30 where support will likely come in again.
AMEX:XLFShort
by UnknownUnicorn30271326
Weird candle formed after rejecting at the key 40 region!The XLF etf left behind an usual candlestick formation on daily charts with the most volume seen in over a week. It also highlights the lack of successful momentum above the 40 range once again. If the psychological 40 mark manages to cap near-term price-action then its likely to re-test 38.70 where some minor support and the 50-day lie. That's where I'd put capital to use even if price-action slips to the 37.70 area, I think intraday oversold signals can be bought. A clean loss of the 37.70 region, the top of a small gap and key 50% retracement level, and its game over for bulls!! If bulls can clear the 40 handle, however, then 41.70 should be tested relatively quickly above which could expose 45 then possibly 50. That said, if 41.20/70 provides resistance then the XLF will probably range like it has either side of 40.
AMEX:XLFLong
by fxtrends