XLF: Weekly Analysis

Three weeks of advance. That must be serious. Perhaps it is finally time for the bears to raise the white flag, retreat to their winter lair, and leave the Financial Sector to the bulls. Or perhaps three green weeks are simply three green weeks—and nothing more. On our side, there is no need for surrender ceremonies. We’ll just perform one little technical check, look beneath the surface, and update the roadmap if the charts give us a reason. In this week’s Financial Sector / XLF Technical Analysis, we examine the latest trends, momentum, candlestick signals, key levels, and Elliott Wave structure to determine whether the banks are genuinely turning the corner… or merely enjoying one last comfortable nap before the next move. Candles & TA I’m not sure I remember seeing this particular bearish combination before: Three Black Crows followed by an Advance Block—three consecutive weeks of advance that still…