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themarketzone

Financials about to complete 61.8 correction

SPDR Select Sector Fund - Financial (AMEX:XLF)  
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AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Chart Patterns XLF SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index)
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trendanalysis chartpattern xlf spy spx
The Financials are looking strong today as we get closer to FOMC minutes.
XLF is about to complete a 61.8 Fib correction to the bearish move that we had two weeks ago when XLF touched 2008's levels.

This can be the end of XLF's bullish pullback... if it's a pullback :)
XLF will definitely be influenced by today's minutes.
Check it out
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I think that it worked like a charm :O !!!
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