XLF - What's next for financials?
Closed out bullish options on NVDA, AAPL, and MSFT today as our bet on the rotations from airlines/oil to tech was successful.
With the upcoming federal reserve stress test results to be announced - what is next for the financials?
Today's XLF candle sits on the 0.382 fib. RSI dipped below w/ increasing accumulation - so could potentially be a BTFD situation to the next level. More likely than not will accumulate here for a bit until 6/25.
Regardless, entered GLD calls for 6/19 as the dollar weakens and VIX increased a bit today.
In summary - not sure where we are headed and what is the come for the rest of the week. Thoughts welcome.
With the upcoming federal reserve stress test results to be announced - what is next for the financials?
Today's XLF candle sits on the 0.382 fib. RSI dipped below w/ increasing accumulation - so could potentially be a BTFD situation to the next level. More likely than not will accumulate here for a bit until 6/25.
Regardless, entered GLD calls for 6/19 as the dollar weakens and VIX increased a bit today.
In summary - not sure where we are headed and what is the come for the rest of the week. Thoughts welcome.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.