Wedge up for xlf

19 dic 2021

recently the banks have pretty much sold off which is expected while the S&P lingers at the top... usually when the large indice is up and down creating and compleating H&S formations into other formations we catch a wedge up. now brk.b latest movement to ath was created by movement in coca cola. so largest holdings are bac brk b well Fargo black rock etc.... large bank holdings. if these guys even move back to support here from $39.58 closer to $40 Monday morning were looking at putting the $42 call in the money by end of December and the $43 call for January 21st is on .5 now with a quick move up can print these bad boys to .35 + easily. I know inflation is bad for banks for is fed not force feeding the banks' bad? Also, if you're not bullish look at the last time we got a solid trend bounce on the yearly and just imagine the ideas of a bull.