Financials Update

Today is the day I've been wtching financials as they have been showing distribution into the uptrend, now it looks like that phase may be over and the decline phase starting.

 FAS looses 1.2%- 2/3 of it's gain in about an hour (FAS-ETF long financials)

 FAZ gained even more in the same time period, nice 5 min leading positive divergence.

XLF 5 min looking bad, XLF has taken out the first support level.