If you believe the statement “The Financials Lead the Market” is true, then we are certain to break and exceed The Nov. US lows .
In January, the XLF broke the November lows and today, the XLF broke the January lows, setting in an all-time closing low today.
Now that 800 is broken on the S&P 500 and the Dow Jones is so close to breaking fresh lows. There are likely a lot of stop-loss orders beneath these important levels.
If you believe the statement “The Financials Lead the Market” is...
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Last
7,987.9 |
Change
-24.000(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,011.9 | 8,024.5 | 7,963.9 |
| XJO (ASX) Chart |