The Financial Select Sector (XLF, Financial) is closely watching its pivotal price levels, with a Pivot High set at $47.59 and a Pivot Low at $46.92, determined using the DeMark method. These pivot points are critical for traders, as breaking above the Pivot High is often seen as a bullish indicator, while falling below the Pivot Low is considered bearish.
As investors speculate on potential price movements, these levels will be key in assessing the immediate market sentiment toward the financial sector. Traders typically use these points to guide their entry and exit strategies, with the potential for significant implications if the XLF breaks out in either direction.
