XLF is in a short-term trading range of 53 to 56; a break above 56 is the level being watched, and if it does not happen, XLF may consolidate further in the near term.
He framed it in weeks
“The Setup for a Year End Rally Is Getting Stronger”
StockCharts TVPublished Oct 22 · 1 passage
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So, I'm currently looking at a short-term trading range for the XLF fund between 53 and 56. So, let's see if we can break above the 56 level. If it doesn't happen , we may see more consolidation in the near term.
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