Reducing The Risk

In a quiet, almost imperceptible move, financial sector, XLF has topped, reversed, now printed a new daily low.
Yesterday’s update said there might be higher action into the day’s close.
It looks like that ‘higher’ action, was today.
Financial Sector ETF, XLF, Daily

The zoom area shows there’s no ‘reversal’ bar like we see in trading textbooks.
The (short) entry signal was: Breakout to all-time highs, then, next day printing a new daily low (not advice, not a recommendation).
Now, today, we have another daily low.
Positioning
An initial (small size) short was opened late yesterday, XLF-25-04. As price action rose into its test early this session, the short was increased (not advice not a recommendation).
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point®, trade mark: No. 6,505,279












