Unprecedented

The move in the XLFs after the election was truly unprecedented. It was their largest monthly gain ever.  They have been consolidating since then after breaking the uptrend than began in November. If the $22 level breaks to the downside there could be a meaningful selloff because there doesn’t seem to be well-defined support until the $20 level.

For more about this and other important market dynamics please visit:

http://bullsheadtrading.com/blog/