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TheCryptosaurusRex

XLF Has Its Pre Financial Crisis High In Sights

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SPDR Select Sector Fund - Financial (AMEX:XLF)  
TheCryptosaurusRex  
AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Chart Patterns Technical Indicators XLF xlflong GS citigroup citibank citi financialstocks financialcrisis
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trendanalysis chartpattern indicator xlf xlflong gs citigroup citibank citi financialstocks financialcrisis
The popular ETF, XLF follows the financial sector and after weeks of selling, it looks to have found support and be gearing up for a big move indicated by the Weekly Squeeze coiling for the past 8 weeks, with the momentum shifting to bullish this week. If you take a look at C (Citigroup), it too has a Weekly Squeeze. If you take a look at it on a Daily it also has a Squeeze which looks like it will fire long. If this move for the financial sector plays out long, I would expect a retest of its high back from January (30.33) then a retest of it's high of 30.84. This high (30.84 - May 28, 2007 - 11+ year ago) is an important one because this was the peak of the financial sector ETF ( XLF ) before the financial crisis of 2008.
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