Trade Idea: XLF Trend (short)

Yesterday I updated the XLF/Financials charts in the Daily Wrap.

Here's a quick rundown of them...

 The head fake moves above large triangles were completed by the major averages in May, I believe XLF/Financials is completing its right here and now. Note the pop Wednesday above a 3+ week resistance zone with the same Star reversal candle as the major averages/SPX yesterday and what looks to be a confirming candle thus far, although very early in the session. It looks like an entry in XLF at the top, but that's not sod much why, the charts are...

Short term intraday charts look like the major averages, bad and as timing charts, they seems to be telling us XLF has hit its high banning an unforeseen shake-up in events with something like a Greek rescue.

The 3 min chart

The 10 min chart which is showing this week's move above 3+ week resistance to be a head fake move or false breakout.

And most importantly the big picture at the 60 min chart, Financials never recovered.

For this one, I'm looking at something with some leverage,. but also some staying power for more of a trend trade, thus I like either the 2x leveraged short financials SKF or my preference the 3x leveraged short Financials FAZ here.

If we get a bounce, I'd look at puts.