$XLF - Financials Look Happy

SmartReversals
01-17

$Financial Select Sector SPDR Fund(XLF)$ - Financials Look Happy

Gaps don't always fill immediately. Price is currently building volume within a potential launchpad volume shelf.

Notably, $Bank of America(BAC)$ and $Citigroup(C)$ closed above their daily Bollinger Bands yesterday, while $JPMorgan Chase(JPM)$ and $Morgan Stanley(MS)$ are testing theirs.

$127.80 serves as a good risk management level for long positions. Most oscillators (Stochastic, RSI, excluding Williams %R⚠️) are not yet overbought.

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