Key Breaks Of Support In Financial Sector
By
Zac Mannes
There have been some key breaks of support in the financial sector, and the risk of a breakdown is accelerating here.
Ideally, on the XLF chart, this is 3 waves down as (a) of circle a (of circle wave iii).
GS is looking similar with this clear support break, and might be in a of 3 already. WFC can be an impulse wave, and MS, too.
MS has been a short Wave Setup in StockWaves since June, and WFC was added as a short WS on 9/28.
A wider views of the charts with targets are posted in our Stock Waves service.
XLF - Primary Analysis - Oct-03 1059 AM (2 hour)
MS - Primary Analysis - Oct-03 1103 AM (1 hour)
WFC - Primary Analysis - Oct-03 1102 AM (1 hour)
GS - Primary Analysis - Oct-03 1101 AM (1 hour)
