Unlike GOOG, I can't find anything standing out in Financials suggesting they pop higher, except the range of the last 4 days creates a bit of an attention zone as it is seen as resistance and breaks through resistance are bought.
The only other thing would be the SPY itself with a 1 and 2 min intraday positive divergence, not as far as 3 min though, the SPY has a fair amount of Financial representation. In any case, the outcome is the same as GOOG, for an equity short or even buying SKF or FAZ long, I don't have a problem with some draw down on a head fake move, for an options position (put), I'd want some upside momentum to enter anyway so I'd want to see some kind of move higher which would likely run through the resistance zone as we are right there.
I also checked FAS and UYG in addition to XLF, SKF and FAZ to see whether there was something on one of the other charts I was missing, I didn't find anything.
XLF 60 min is representative of the major underlying trend/flow.
The 15 min chart has a clear negative divergence at what would be a test of resistance (it's really too small to call a double top).
The 10 min chart has the same
The 3 min chart is faster of course so there's more detail, it's pretty clear distribution didn't just start, but it is clear that at the test of resistance today we have a deeper leading negative divergence than we have at any other price point.
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