Sunday, February 05, 2017

Why Am I Even Bothering? Financial ETF XLF

Seriously, what's the point? Dodd-Frank is going to be repealed and another regulation for advisers managing retirement savings is also going to get revoked. Overhead resistance of the Financial ETF XLF is $23.80, but I expect this to broken early in the new week. My indicators haven't even crossed over yet but I expect these to also change in the new week.
The 30 minute chart also appears to be putting in an inverse head-and-shoulders pattern. A long/buy signal went in on the 3rd according to my indicators but overhead resistance still appears to $23.80.