Financials Price Gap

The Financial Select Sector SPDR Fund shows a compelling price gap following a failed long-term uptrend.

I don’t normally like to trade the financials, since I consider them a socialist arm of the government that is never allowed to go down, but I find this gap compelling. I’ve shorted XLF with a stop at 57.75:

Here is the longer-term view, showing the failed uptrend.

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