XLF is the Financial Sector etf that trades with heavy volume.
I have been bearish on this for the past few weeks but I picked up the wrong trade. Instead of selling a bear call spread, I bought puts. The loss in theta (time decay) has eroded all profit and some.
I am counting on to it weakening yet again. Note the weakness in momentum (RSI). Also the highs in Oct made a sort of evening star with abandoned babies!
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