Monday 12 December 2016

XLFS ETF ripe for a consolidation!

The XLFS financials etf  is looking rather ripe for a consolidation at these levels after a 12.8 % rally since the cloud chart buy signal. Time to take some profits off the table, and then revisit a retracement trade with profit target into January. I expect a retracement back to the 38% fib level, and will be looking very closely as to what the MACD will be telling us of the duration of this current rally.

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