Tuesday, February 11, 2014 6:21:39 PM
XLF Hits Upper Channel - Time for Market Pause?
Just an FYI: the markets have been moving up strong last four plus days, perhaps time to keep that in mind when entering any new trades in the next few days?
Check the XLF chart from a few days ago, sitting now at $21.53, which IMO looks to be resistance from the upper channel and also from previous support / resistance levels.
Just something to think about, Trade Rationally and Carry On.
Just an FYI: the markets have been moving up strong last four plus days, perhaps time to keep that in mind when entering any new trades in the next few days?
Check the XLF chart from a few days ago, sitting now at $21.53, which IMO looks to be resistance from the upper channel and also from previous support / resistance levels.
Just something to think about, Trade Rationally and Carry On.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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