The stock market continues to show its resilience in the face of several moving parts.
And A LOT of domestic and global geopolitical noise.
The S&P 500 has been creeping higher and the Financial Sector ETF (XLF) has been following in stride. Since financial stocks are important to the economy and equities markets, I thought we’d have a look.
XLF’s rally has it looking up at two potential price resistance points. See chart and analysis below.
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$XLF Financial Sector ETF Chart
We have a sort of “umbrella” resistance overhead that makes $52ish important to watch. If thru this area, then $54 to $55 comes into play at rising trend resistance.

Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.