🔥 Financial stocks are heading straight for danger in this upcoming crash! 🔥
$Financial Select Sector SPDR Fund(XLF)$ , the powerhouse financial sector index holding giants like $JPMorgan Chase(JPM)$ $Bank of America(BAC)$ $Wells Fargo(WFC)$ $Goldman Sachs(GS)$, is approaching the end of a textbook impulse wave from the 2009 low.
This screams that a 15-year correction is on the horizon!
💥 The moment it breaks below the 2/4 trendline at $38, expect a potential 40-50% collapse from the peak!
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $.DJI(.DJI)$ $iShares Russell 2000 ETF(IWM)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur.
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Will S&P 500 hit 6000 by year-end as institutions predict?
Would you take profit and stay cautious ahead or hold till the year-end?
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