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Benzinga
Benzinga
Business
Mark Putrino

This ETF Says The Market Is Going Lower

ETF XLF Stock Market

The stock market is rebounding but there may not be any follow-through. At least, that’s what the Financial Select Sector SPDR Fund (NYSE:XLF) says. This ETF tracks the important financial sector.

As you can see on the following chart, the ETF hit resistance at the important $36 level. Since then, it has been trending lower.

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