SPDR Select Sector Fund - FinancialPembelian
XLF Speaks
XLF has broken downtrend, successfully produced a Gartley retest, and now closes just above the cloud, and just above prior swing high. Financials must be looking ahead to some respite in FED rate hikes, since they are sensitive to short term interest rates. Along with SOX, XLI, showing similar trend breakouts, this is encouraging for bulls.
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