Look for a Pop In Financials
I was a little concerned about the financials the other day. The XLF looked as if it was about to break down, away from the 200 SMA support. But today a nice U-turn took place. The chart looks to want to bounce from the 200 SMA and its oversold condition, and move to the 20 SMA.
fyi - there are a number of market moving economic data coming out soon, which could alter or facilitate fundamental conditions that can derail the natural sentiment of the chart.
