We noted a few days ago the bullish cup and handle formation in the financials (XLF). This is one of our favorite charts and strength/leadership in the financials will bode well for the overall market into year end.
The XLF is set up for measured move higher of 5-6 percent. We’re playing it with the leveraged ETF.
Could be wrong and a break of $21 negates the trade. Always with a stop, sports fans!
(click here if charts are not observable)