Financials Show No Signs of a Top

09/22/2009 1:46 pm EST


Thomas Aspray

, Professional Trader & Analyst

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The strength of the financial sector has surprised most of us, but the weekly chart continues to look positive. The sector has not even reached the 38.2% resistance level, while the major averages look ready to test their 61.8% resistance. The weekly RSI formed positive divergences at the lows and is confirming the price action..

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