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SPDR Select Sector Fund - Financial

XLF Financials in trouble

By hungry_hippo
Updated
Keep an eye on the rate inversion and financials. If this inversion gets worse or if financials break support then it's game over for the market.
Note
That being said, it looks like it's going to bounce next week. If it straight out tanks, then short everything at will.
Note
Market has another drop priced in, there was NO premium on XLF weekly in the money calls yesterday or today. Made a few hundred bucks, wish I had flipped them on open. I guess the market is expecting financials to tank with the rate inversion and all.
Chart Patterns
hungry_hippo

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