XLF AND THE FINANCIAL SECTOR IS OVERBOUGHT AND OUR SIGNAL IS FLASHING SELL

Our Piker Signal hit overbought/sell on Friday, it hit a high oversold signal and it has happen a bunch of times in the past. Below are the times this occurred. This signal has an over 50% success rate when shorting at this level, with the average XLF declines is between -2.44% after 5 days to -5% after 15 days. The table below shows all this detail and information.

XLF looks good for a short here based on our 50% success rate of our signal and where the sector is. This is a weekly chart which shows XLF hitting up against long term resistance from 23, and a broken base of 2022. This level may be very hard to break given the SELL Signal. There is a good risk reward here as well, with a stop out of 36.56+ and a reward of -2%-9%.

Leave a Comment

Pikertrader LLC

Our Signals

Piker Report

Purchase Signals

Back Tested Data

FAQ

Contact

Piker Trader LLC

Follow US