Chart of the Day … the BEARISH PATTERN completing on XLF

CLIFF NOTE: the classic AB=CD sell pattern is complete on the XLF.

my last post on XLF depicting this pattern: http://bartscharts.com/2013/09/14/part-ii-the-sp-500-and-too-big-to-fail/

it’s all probability and, quite frankly, the probability certainly appears to be in the favor of the bulls …

so, the financials “broke out” and, as a PURE pattern recognition chartist they broke out right into a bearish sell pattern …

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART