Friday, 27 October 2017
SPDR Financial Select Sector Starting From 3Q-2017 and Implications: 27 October 2017, Friday, 7.27pm Singapore Time
SPDR Financial Select Sector Starting From 3Q-2017 and Implications:
27 October 2017, Friday, 7.27pm Singapore Time
(Click on Technical Chart Above to Enlarge)
Attached is the technicals for the SPDR Financial Select Sector of the US. If you are an investor in the financial markets, you have to know that starting from 3Q-2017, major gap-ups in the US Financial Sector always yield fast super rally in worldwide banking stocks all over the world; US markets continue to lead the world. In the 3rd week of October 2017, we have more break-ups again. The break-away gap is a show of intention for high bullishness in the banking and finance sector. This high bullishness will spill over to banking stocks all over the world due to the characteristics as illustrated above. Load more bank stocks on dips, any bank stock from any part of the world will all super rally.