What’s Up With The Financials?!

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

1 Comment

  1. patrick

    do you think, based on your analysis that sxp will make make new highs or a retracement to its historic high.
    if so how long do you estimate this will take?
    I know you dont have acrystral ball but im interested in our thoughts.

    Reply

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