Tag: XLF

S&P In Overbought Consolidation

recent trading actions leaving the S&P in what looks to us like an orderly high level back-and-forth consolidation of the October massive rally. There is a high probability that the upper and lower limit of a short-term trading range has been set between the 3035 and 3085 levels on the S&P. Short-term traders can anticipate continued volatility with rapid up and down moves in the markets

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