Here is the XLF chart of the week. Let's see if we can cut through the rhetoric and chatter and cut to the chase. It looks like the ETF has formed a nicely defined triangle. Trade the lines. A breakout above the downward sloping line is a Buy signal with a stop if the XLF goes back into the triangle. A breakdown below the horizontal support line indicates a Sell again with a stop if the ETF goes back into the triangle. You need patience to trade triangles. You have to wait till the stock moves out of the pattern.
--
The commentary in this site is not a recommendation to buy and/or sell any security. This is for information and educational purposes only. Please consult your personal financial advisor and understand the risks when you invest.