Investors are closely monitoring the Financial Select Sector (XLF, Financial) as it approaches significant pivot levels. Calculated using the DeMark method, the pivot high is identified at $47.38, while the pivot low stands at $46.63.
A breakthrough above the pivot high of $47.38 is typically considered a bullish signal, suggesting upward momentum. Conversely, if the price dips below the pivot low of $46.63, it could indicate a bearish trend.
These pivot points serve as crucial indicators for traders and analysts assessing potential market movements in the financial sector.
