Financials have been underperforming recently and based on my top-2 scenarios for tomorrow’s jobs report, they are setup to fail. First I’ll take you through the Elliott Wave and Fibonacci analysis of the S&P to show you resistance is just above, and then we’ll take a look at how financials have lagged the market and the options trade we took in this weak financial stock.
Todd Gordon
President/Founder
TradingAnalysis.com
