(25/1000)
Ascending Triangle for BX (chart on left)
Confirmed with volume
Possible 36,89% gains.
This is solidified by the fact the SPF (Finance sector, chart on right) is in an ascending channel.
Watch closely as it moves from bottom to top of channel. If the price action breaks the lower support line of the channel, may be time to get out of BX.
Analysis of...
The S&P Financials sector index has been stabilising around the 520 points, however , going forward a deeper technical correction
could see the index trendline drifting lower on the Senkou A/B support, that would see a-23.5% correction with the S&P Financials index going down to 410 points
Hi all,
Looking into the financial sector on the S&P this morning.
Currently into a descending channel that has no end in sight.
All started with initial high an lows that happened in Jan 2022.
Initial high an low were followed with a string of Lower highs and lower lows with a price action staying within the upper and lower limits of the descending channel.
A...
SP:SPF
S & P500 Financials 1D
The S & P500 financial sector looks very promising at the moment. Until the price goes below the level = 618, we still have the idea of convergence, which is now almost formed. This means an increase in prices for shares 658.24, 676.86, which are part of this sector. (65 tickers)
@CabinetTrampa
Noteworthy:
Big earnings week for banks (JPM, GS, WFC, MS)
SP500 keeps pushing record highs
Overview:
SPF testing short term S/R established by recent high
Based on close today will look at financial sector stocks that fit into trading plan
SPF has fallen short of reaching its all time high of $510 in 2007 before the financial crisis. Could this be a psychological barrier for traders? The cause of the financial crisis was banks taking on risky assets and appraising them, fraudulently, as safe investments in the form of CDO's. Their mistake could have created the largest psychological barrier in the...
