Financials/FAS

 XLF has seen it's share of small shakeouts, but traders expect this triangle to be a consolidation/continuation pattern which means a break to the upside, this is what I also have been counting on to get short financials at better positioning, however until then I've entered FAS (3x Bull Financials) for the breakout move.

 XLF as an industry group is responding pretty well today with a leading positive divergence.

 The 2 min chart is putting in it's highest leading positive divergence today since the entire consolidation/range began! Therefore, I have to take Financials seriously for near term reversal trade to the upside, FAS was my choice with 3X leverage.

 The overall 15 min positive in Financials since the range as well as last week's negative divergence at the highs. Today Financials just barely crossed below the range's support level, not much of a head fake move.

 FAS's 1 min trend shows the negative divergence last week and a leading positive this week including a new leading high today like XLF intraday.

 Here's a closer look at FAS 1 min today.

 FAS 2 min with the negative divergences that closed out last week's long and the positives this week with a huge 2 min leading positive today like XLF.

 Here's the 2 min chart today, this is hard to ignore.

I'll put up some other groups and ETFs as well.