Wednesday, May 17, 2017 3:33:25 PM
XLF daily
* watch all the elements in this chart, especially the new
PMO sell signal after many days of zero line hover ...
the eventual price and indicator outcome has high odds
for lasting staying power
the daily PMO has resided in the confirmed bearish region
below its zero line since late March, so high vigilance going
forward on the PMO chart location
* XLF and SPY bears want to see continued XLF price action residing
below the XLF lower BB ... be vigilant on this chart element
** Note - the XLF to SPY ratio today prints a decline low not seen since early November,
so be objective about the future probability of lasting XLF price upside until the ratio rises again
$22.89 prior low has a high odds of being tested, unless the XLF:SPY ratio starts to rise again ... very important consideration
* watch all the elements in this chart, especially the new
PMO sell signal after many days of zero line hover ...
the eventual price and indicator outcome has high odds
for lasting staying power
the daily PMO has resided in the confirmed bearish region
below its zero line since late March, so high vigilance going
forward on the PMO chart location
* XLF and SPY bears want to see continued XLF price action residing
below the XLF lower BB ... be vigilant on this chart element
** Note - the XLF to SPY ratio today prints a decline low not seen since early November,
so be objective about the future probability of lasting XLF price upside until the ratio rises again
$22.89 prior low has a high odds of being tested, unless the XLF:SPY ratio starts to rise again ... very important consideration
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