Don't Ignore This Chart!

Finance SPDR Breaks Key Trend Line

The Finance SPDR (XLF) is starting to perform with a nice surge over the last two weeks. Notice how the ETF broke the August trend line and filled the late August gap to signal an end to the current correction. The Vortex Indicators confirmed as +VI moved above –VI.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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