The curious case of the financials in the US. lets study it using the financial spdr XLF.
1) Maybe its stop trending. Short term moving averages are all flat lining
2) the price action on Friday may have been a classic check back. refer to notes in the chart may interest you.
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |