XLF Shows Relative Strength – Flags form in SPY and IWM

It is Fed week and stocks are in corrective mode. IWM and SPY edged lower this month, while QQQ has traded flat since late August. The patterns for SPY and IWM look like falling flags, which are bullish continuation patterns. Breakouts in both would be quite bullish for the market overall. It could be a volatile week for Treasuries because the Fed makes its policy statement on Wednesday. The 20+…

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Trading, Flags, form, relative, shows, strength