The first chart, below, is of the XLF financial sector ETF daily timeframe. The light blue lines denote a narrowing pennant formation over the past several months. Within the context of an uptrend, this tends to be a constructive consolidation that eventually breaks higher. We are looking for a trigger through $16.25 with a surge in buy volume.

The second chart below of the weekly timeframe. Note the purple lines indicating s broader symmetrical triangle breakout. It is not completed yet, but a further breakout in the financials would go a long ways to cementing a sustainable move out of the long slog over the past few years.

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