Despite the initial selloff, my channels in the RTY held. I'm holding off on longs until XLF makes a decision. It's currently struggling to sustain a rally. Flag support is at 1354 below. My sell zone starts at 1453. There is a minor support at 1400s. If we close below 1354, then the RTY will be in big trouble. For now, I am not sure if a new channel below is forming or not. I may have to create a downward channel.
Note
In hindsight, I should've seen the XLF rallying when earnings season was coming up. I also should've seen that bullish divergence on the RSI earlier. That's where I should've gone long.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.