XLF
Daily Chart Report
XLF gapped down below support and failed to capture the support back. Since banks earnings season has started usually banks tend to drop after earnings. So we could see XLF retrace back to $40 gap support level next week. Also there has been plenty of put buying on the bank stocks and XLF going out to Feb exp.
XLF gapped down below support and failed to capture the support back. Since banks earnings season has started usually banks tend to drop after earnings. So we could see XLF retrace back to $40 gap support level next week. Also there has been plenty of put buying on the bank stocks and XLF going out to Feb exp.
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