Are financials topping?
XLF hitting major resistance.
JPM hitting major resistance.
Financial have been putting a very strong bid under the SPY & IWM
If financials are topping here i do think it will be a major headwind for the market.
I'm watching to see if the Fed rate cut becomes buy the rumor sell the news!
⏳✅ Visit www.tradingcapital.ca to learn more about our membership.
✅ Subscribe to the Trading Capital YouTube channel to stay aware of the most important financial news and technical analysis set ups that you need to know.
Please be aware that our videos are not personal financial advice. Trading Capital is an education company teaching how we trade and what we trade. There are many styles of trading & investing, find one that suits your risk to reward tolerance.
#stockmarket #technicalanalysis #economy #stockmarket #charts