Technical Analysis of STOCKS & COMMODITIES
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Financial Select SPDR
ARTICLE SYNOPSIS...XLF is close to completing an ABC zigzag market correction. Will it mark the bottom for the financial sector or if it is simply a part of a much larger market correction?
ARTICLE SYNOPSIS...XLF made a market top in May 2007 and has been trading lower ever since. Now it looks as if XLF is close to a market correction that could retrace from 38% to 62% of the ground lost in the decline.