The combined impact of a better-than-expected NFP gains and the prospect of a Trump repeal of Dodd-Frank financial regulations drove Financial Select Sector SPDR Fund (NYSE:XLF) +2% just before Friday's U.S. close.
That said, notice that on the near-term point-and-figure chart, current strength is pushing up toward a test of very powerful resistance at a quadruple high-print of 23.80.
A climb to a 23.90 print will trigger a new buy signal that will project to new high targets of 24.60 and 25.20.
Only a print of 23.00 will compromise the constructive P&F set-up.