XLF-Financials Update

Yesterday I said, "Watch XLF, it is likely to lead the market down". And as the market is making new lows, XLF is one of the biggest losers at -3.20%

 XLF about ready to break another support level.

 2 min XLF yesterday with a bad negative divergence into resistance-currently leading negative.

 XLF 5 min also warned yesterday and is in a worse leading negative divergence.

And the hourly has now fallen apart. This is not good for the S&P.