Hanging Man and Bearish Engulfing Weigh on XLF

After a bounce off support in April, the Finance SPDR (XLF) came under pressure with a hanging man at the end of April and a bearish engulfing at the beginning of May. These two bearish candlesticks affirm resistance from the early May high. It is possible that a falling flag is taking shape, but a break above the bearish engulfing high is needed to reverse the slide.

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