XLF

EDZ is one of my favorite inverse ETFs, it's a short on financials and I believe financials are going to be among the first to blow up. However we have a break down in XLF below support, on a short term basis, I don't trust this move and think XLF will be back inside the descending triangle next week. I'd still keep my position in EDZ as I mentioned in the second to last post.

 Here's the daily chart

 Here's the 1 min chart showing the break

 a 5 min 3C chart

and a 15 min 3C chart.

I'm not making a bullish case for financials whatsoever, I'm just saying this particular break, I don't trust.