Financial ETF (XLF) looks like breaking the 200D MA resistance and 78.6 Fibonacci Resistance at $14.756. This resistance proved to be a very tough resistance as XLF failed to break for past 5 times. MACD and RSI are showing bullish signal on this breakout. However, XLF needs to come back to test this 200D MA as support before the uptrend is confirmed.
US Financial ETF (XLF): Start Up Trend?
- Post author:Marubozu
- Post published:December 5, 2010
- Post category:Financial ETF (XLF)
- Post comments:0 Comments