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He Sold His XLF Puts At Support But Likes Bearish Outlook – Charts

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Earlier today, I sold the entirety of my XLF puts, in spite of the fact they don’t expire until January 2020. I’d like to get in again at a good price. But I felt it was an opportune time to scoot, based on the trendline support.

Liquidity moves markets!

Follow the money. Find the profits! 

Looking at the big picture, the analog is as exciting as ever. Financial breakdown is key to any prospective multi-year bear market.

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