Financial Sector - $XLF - Overheated 🌡️🌡️🌡️
Financial Sector - $Financial Select Sector SPDR Fund(XLF)$ - Overheated 🌡️🌡️🌡️
The financial sector needs a breather, there have been 5 days in a row above the higher Bollinger band, the slow Stochastic is hot and also the RSI which is above 70.
A doji star setup is very likely here.
Previous occurrences are highlighted. This time is no different.
Will Financials drag the market? Not all sectors are as overheated.
$.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Industrial Select Sector SPDR Fund(XLI)$ $Cboe Volatility Index(VIX)$ $iShares Russell 2000 ETF(IWM)$ $SPDR S&P Regional Banking ETF(KRE)$
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