There is lots of “air” below Monday’s closing price of 22.81, as shown on the monthly chart below of the U.S. Financial Sector (XLF).
Major support lies at 20.00, while major resistance (formerly support) is now 23.50.
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There is lots of “air” below Monday’s closing price of 22.81, as shown on the monthly chart below of the U.S. Financial Sector (XLF).
Major support lies at 20.00, while major resistance (formerly support) is now 23.50.
(more…)As of Monday’s close (2746.56) (it’s a full moon today), the S&P 500 Index (SPX) is -18.89% from its peak at 3393.52 on February 19 — just 1.11% from reaching ‘bear market’ status — amid a sea of red following a meltdown in global markets.
(more…)