With the large Wall Street banks leading the rally higher, let’s take an updated look at the XLF ETF.
The weekly symmetrical triangle breakout is intact. However, keep in mind just above $16.50 and $17 are major price levels to observe. The good news for bulls, though, is that all of the backing and filling in recent months has amounted to a coiled spring for bulls to have a good chance at attacking the formidable resistance.
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