Articles Related to XLF

Still Just a Four?

For me SPX has to be the (4) now rather than only 4 of (3) even though RSP still argues strongly for the latter. Even that is getting deeper than ideal, but we still have a corrective move off the Jan high and many charts and sectors still supporting at least OMH. EW looks for the most probable path extensions can happen in either direction but cannot be relied upon. I do think we are getting a glimpse of what might be an underlying root cause of the bigger declines to come.

by Zac Mannes - 1 year ago

Market Analysis for Jul 28th, 2021

Some more freebies before I go offline/vacay👇Keep eyes on these sectors XLF+XLB and do some homework...setting up for another upside acceleration into ATHs1~2 month of digestion so far. Getting tight...and ready to uncoil. Level by level approachXLF line in sand = last week's low 34.90s. Now, 36.48~. Prior ATH = 38.6~XLB line in sand = last week's low 78.60s. Now, 82.85~. Prior ATH = 89.

by Ricky Wen - 2 years ago

$XLF - Elliott Wave Chart Analysis on Sep 4th, 2019

XLF can be filling out wave v of (c) as well to finish off the wider wave ii/b flat, with 27.29 as a potential target above.

by Garrett Patten - 4 years ago

$XLF - Elliott Wave Chart Analysis on Aug 29th, 2019

Financials remain a tell for me, and the micro suggests another iv and v needed to complete wave (c) of the flat.

by Garrett Patten - 4 years ago

July High Even More Divergent For Financials

Update to May coverage of Financials including: XLF, JPM, MS, GS, BRK.B, BAC, DB & GE.

by Zac Mannes - 4 years ago

Do you want to rely on FDIC?

Bank safety may become a real issue again soon.

by Zac Mannes - 5 years ago

XLF turn to carry baton in 3rd wave

XLF next....

5 years ago

Key Sectors and Ingredients for Rally Continuation

key sectors...held where they HAD TOO....they where the tape tell that gave the confidence yesterday should be IT....as i've been harping on for a few weeks....the 4 horsemen to take this tape up an out remain: Industrials, Materials, Financials...and Emerging markets (yes not a sector).... since all these held beautifully and positions are set....now we are just left with watching patiently as they need to just continue to plot along Continuing their paths... reversals would be warnings...but till then nothing to do...lazy river for a bit....

5 years ago

Ingredients for a local Bottom

we need blue micro on ES chart....to take foot and get the 5 up...and turn the SPX hourly into the iii of (III) up.... key levels marked on both charts, both short term and bitbacked out... this count is predicated on Industrials and Financials and Materials getting their Leadership MOMO going...without them...tape will fall on its own weight.... keepin it REAL'.....

5 years ago

Sticking with the Multi Month Swing Trades

Not seeing anything to change my tune....Back out play the Daily charts (if you have a swing trader mentality). Likely to be a bunch of noise the next 48 hours and this week with FED, NK summit etc etc.... I'm headed to New Yawk for a work deal in a bit for my flight...so won't be on much till Thursday when i return.....keeping my core swings as posted to Jan, Mar and June 2019....and some of the momo shorter dated for now... As Industrials, Materials, Financials and HC keep strenghthening I believe they will LEAD as stated a bunch of late...Consumer Discretionary and Energy just needs the continuation leadership.... once EEM jumps on board...

5 years ago

What Lies Beneath?

Tech has been the bandito, obviously over the past few years. Needs no introduction. It led the tape for much of the run from 2016 (4th) wave lows. It now represents a cool 25% of the SPX. So as we've heard as Tech goes, the SP 500 goes. Or does it? Its easy to point to it as the leader and draw conclusions from it. Yesterday and Today Iam seeing SOmuch to do about the FANG's...all down on the day or mildly up underperforming the Tape by a wide margin. To me...what the FANG's do for the next few months is inconsequential to the TAPE. They are much to do about nuttin....say what? What Lies beneath has been building strength.

5 years ago

4th may not be complete but another low in ES/SPX less likely.

A triangle remains as a possible alt 4, but Leading Diagonal potential abound.

by Zac Mannes - 5 years ago

$XLF - Elliott Wave Chart Analysis on Mar 29th, 2018

Still a strong case to be made here for one more low as wave (v) of c.

by Garrett Patten - 6 years ago

$XLF - Elliott Wave Chart Analysis on Mar 27th, 2018

XLF stillargues well for one more low needed in this correction as wave (v) of c.

by Garrett Patten - 6 years ago

Can This Downside Follow Through?

With the market reaching extremes on the rally off the lows struck on the last day of 2017, it was inevitable that we would retrace back down to the support I have noted on my 5-minute chart. Today, we got a retracement to the top of that support box. Normally, I would view the 5-minute chart as presented in the yellow count, which would see further weakness into tomorrow. The standard patterns usually see a deep drop in the MACD for the a-wave of a corrective decline, followed by a c-wave displaying a positive divergence in the MACD on a lower low price.

by Avi Gilburt - 6 years ago

This Market Is Relentless

With the further extensions today, the market is truly proving to be quite extraordinary. Today, the market struck the 3.618 extension off the lows struck on the last day of 2017 in this current micro structure. Those types of extensions are what we may see in the metals complex, but are truly uncommon when dealing in the SPX. While yesterday’s 5 minute chart looked for just a little higher for this wave (iii), the market pushed even beyond my micro expectation and further extended. I have added a micro count for waves 1-5 within wave v of (iii), and as you can see, it too is quite full even within the extensions within the extension.

by Avi Gilburt - 6 years ago

Modification To Support - Market Analysis for Jan 4th, 2018

With the current rally exceeding our initial targets, I failed to modify the support on my daily chart of late to take into account these further extensions. So, I am going to start this afternoon’s market update with outlining that modification. Due to the further extensions, I have now moved immediate bullish support up to the 2565-2600SPX region. That means that once we complete this structure, my expectation would be for us to test this support zone in a 3-wave structure. Should it hold, that will provide us with another rally to at least the 2737SPX region for a 5th wave, similar to what has been outlined on the XLF chart.

by Avi Gilburt - 6 years ago

Market Holds Support To Start 2018

With the markets not following through on the weakness exhibited in the final hours of 2017, it has provided no indication that a pullback has begun. From a micro standpoint, I outlined today’s move early in the day in the 5-minute ES chart, pointing to a pullback expected from the 2689ES region, which was suggesting we will test micro support from that level. The market held its micro support, and continued to rally higher. This still leaves the door wide open to a higher high in the coming week.

by Avi Gilburt - 6 years ago

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