The Financial Select Sector (XLF, Financial) has established important pivot points with a high at $47.76 and a low at $46.68, derived using the DeMark method. These figures play a crucial role in market analysis, as crossing above the pivot high typically suggests a bullish trend, while falling below the pivot low indicates bearish sentiments.
Investors often monitor these pivot points closely to make informed decisions. A breakout above $47.76 could signal upward momentum for the sector, encouraging buying activities. Conversely, a downturn past $46.68 might trigger selling pressures and signify a potential decline in the sector's performance.
