XLF and others might lead the way

2021년 5월 29일

As noted in my previous ideas about SPY (bearish), XLF, XLI, IWM, XLE might be the catalyst that leads the markets higher. XLF tapped the 8day EMA twice before going back to positive which to me shows resilience with a market that has no sense of direction. A nice hammer doji before breaking off into Memorial Weekend. XLF might try and tap the upper band (38.50 - 39) before fading back to middle channel.