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
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.