Financials are under pressure and there may be more to come

Index Analysis XFJ


XFJ – SP/ASX 200 Finacials

The financial sector is currently under pressure as price on the XFJ breaks a key support area. The action is weighted to the sell side and there may be a lot more to come. Price needs to hold up at current levels for traders to gain any confidence to dip their toes in the water. If not, the banks and other financials may very well run the XFJ down to the 5600 zone.


Index : XFJ – SP/ASX 200 Finacials

Current Price : 6090

Status : Watching for further selling pressure in the market