The XLF ETF which tracks the financial sector of the U.S market has been battling to break resistance at $37 and the 50 day moving average. With the push lower in yields, fundamentally this is generally quite negative for banks and financial firms as this substantially decreases their profit margins.
We could potentially retest the bottom of the range at $35.00 and if that breaks then $33 could be in site which is around the 200 day moving average.
We could potentially retest the bottom of the range at $35.00 and if that breaks then $33 could be in site which is around the 200 day moving average.
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.