XLF’s pre-earnings run delivered gains, but a bearish engulfing candle signaled caution. Dave Forster explains key exit signals and critical support levels to watch.
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XLF’s pre-earnings run delivered gains, but a bearish engulfing candle signaled caution. Dave Forster explains key exit signals and critical support levels to watch.
Comment is made on 10/15. Using options, the pre-earnings run-up on XLF worked out just as you suggested. I managed to sell half at the top, and then the post-earnigs dropped happened. Nicely, though, as of Thursday afternoon, XLF is almost back up to that top again.