The Financial Select Sector Spider (XLF) confirms that a swing move lower on the S&P 500 is likely coming.
In otherwords, Financials are not confirming an upward move on the S&P 500. In fact, its signaling just the opposite. The move lower on the S&P 500 may not occur the week of September 11 – 15th but it should come the week of September 18 – 22.
Are you a trader and do you have any thoughts or questions about market direction over the next couple of weeks? Leave your comments or questions below.