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XLF Surges and Follows Treasury YIELDS Higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    From a near-term, P&F chart set-up, all eyes on 21.70 in Financial Select Sector SPDR ETF (XLF), which if hurdled upon a 21.75 print, will trigger a potential, upside target zone 23.25 to 23.75, thereafter. So far today, along with the pop in 10-year YIELD from 1.70% to 1.80%, XLF is grinding higher, up through 21.50 so far, in route to a confrontation with 21.70. At this juncture, only a decline that prints 21.00 will compromise the current set-up.

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