XLF Bullish Impulse After June Low, Elliott Wave Favors Upside
The XLF ETF shows a bullish impulse from its June 3 low, with higher highs and higher lows on the 1-hour chart. Elliott Wave analysis suggests further upside, favoring buy-the-dip entries at defined support levels.
The Financial Select Sector SPDR Fund (XLF) has staged a bullish impulse since the June 3, 2026 low, according to an Elliott Wave analysis of the 1-hour chart. The ETF has been printing higher highs and higher lows, confirming an upward trend structure.
Traders using the wave principle are currently focusing on a "blue box" area as a potential risk-free setup to add long positions on pullbacks. The pattern implies that any dips toward that support zone should be bought, with the expectation of continued upside momentum.
No specific price targets or stop-loss levels were provided in the original analysis. The bullish outlook is based solely on the observed price action and wave count.
Source: FXStreet Forex News