Finance SPDR fails at resistance $XLF

With a sharp decline the last three days, the Finance SPDR (XLF) failed at resistance for the fifth time since late May. In addition, the chart below shows the ETF breaking short-term support with a gap down. Deja vu? The price relative moved to a new low as finance continues to shows relative weakness.

100923xlf


Click this image for a live chart

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