XLF Update

 XLF's Bollinger Bands are narrowing, meaning a directional move is coming. There are a couple of options, 1 we see a move up n XLF and if there's no other support in the market, 'd be leaning toward distribution of that move, or we could see a pullback, or a legitimate move. Heres some more data.

 The XLF 15 min chart is largely positive, but there has been a flat area today that is bothering me. I would suspect, based on market behavior, if Financials are in rotation, it is to use that strength, just like the rest of the bounce, to short into. This would imply to me a breakout to the upside and likely distribution of such.

 Energy was a possiblle sector to look toward for strength, but since the last monster post,  see weakness developing. This is DJUSEN DJ Oil & Gas Index, the 15 min chart looks horrible. As a matter of fact, I may consider shorting the group using something like DUG, maybe SCO for a shorter term trade.

XLE-Energy on a 10-min chart, falling apart.