XLF: Weekly Analysis

A green week for XLF! The bulls are back in business, and the Financial Sector has given investors a reason to smile. Perhaps those troubling technical signals were just a false alarm after all? Well, not so fast. A weekly gain is certainly welcome, but it doesn’t necessarily repair the damage beneath the surface. And sometimes, the most convincing rallies arrive precisely when the larger technical picture is becoming increasingly uncomfortable. So, is XLF preparing for a genuine bullish comeback, or is this just a temporary relief rally before the next chapter unfolds? Let’s examine the latest candles, technical indicators, and Elliott Wave structure. The bulls may have won the week, but have they really changed the bigger picture? Candles & TA The technical cracks are appearing across multiple timeframes. The daily Bearish Engulfing remains unresolved, while the weekly frame formed a strong Inside candle following an Advance Block. Meanwhile,…