LazyBear

XLF - Squeeze release soon

AMEX:XLF   SPDR Select Sector Fund - Financial
With a massive squeeze on 4 timeframes (4hr/6hr/1D and 1W), XLF is poised to make a big move (In the chart, blue candles are all TF squeeze candles).

Squeeze release is usually accompanied by a fakeout, so need to be careful there, but based on other momentum indications, good chance of this breaking up. Breaking up that RSI resistance will be a good confirmation.

First target is 25.8 level.

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