XLF Poised to Confirm Multi-Month Top

Mike Paulenoff By

XLF is on the verge of confirming a multi-month top, especially if it is unable to claw its way back above heavy, consequential resistance lodged between 27.05/55.

Today's action on the daily chart so far is looking like a BIG downside breakaway down-gap occurring after a 5 month month distribution topping period. Not good...
5 03 18 XLF Day GIF
5 03 18 XLF Day GIF

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