goodguy

Financials about to drop?

Short
AMEX:XLF   SPDR Select Sector Fund - Financial
The RSI-ROC I believe is even more sensitive to reversals and divergences than the RSI. When you get a negative reversal followed by a bearish divergence as we have now (and had in November) often a significant fall follows. The gap has not completely closed so there could still be a small bounce up to close it. Well see. Just the same it all looks bearish to me. Have a great and profitable week.
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