Recently, the Financials have lagged the overall market, until the last (10) days. Financials are up over 2%.
Please simply mouse click on the chart(s) to enlarge.
The Daily Renko chart demonstrates nicely that the Financials are about to spring out of an Oversold condition.
Many "Talking Heads" are screaming the market "Top" is in! Mainly due the recent volatility in the Tech. Mkt. ($QQQ). I think with a Bullish $XLF & the high probability for it to push up. The market(s) continues to be Bullish.
The recent $QQQ was just a "Haircut" after a sterling run up. A "relief pullback" will be healthy for this mkt. I remain Bullish on the Q's.
Have a great weekend Peeps. Congratulations to all the recent Graduates. Now your "education" really begins!
Cheers.
