Financial Select Sector ETF (XLF)

[JefftDecker]

yes it was brutal and i stopped watching XLF because it was being pushed

up just like the rest of the market and the algorithms were tracking
other ETFs during this range, the real winner for the algobots was the RTH

ETF, while the market was looking healthy the retail sector was falling
and crumbling to pieces. fell way too far too fast here so a little
bob come Monday and a reset for lower numbers. have to do a lot of homework this weekend to see where we stand, best to you. and stay focused for now.



As you can see the RTH was weaker and the algorithms went short on the
28th Aug, so this getting oversold for now the algorithms sniff out the next clue below RTH


$UTIL is the next one up, below the purple line the market goes South.,
the thing about most of these now is they are short term oversold and need to bounce a little for a reset, but that doesn't mean it will happen, we will know on Sunday night futures. more to follow