Hi @greenlander1 , I’m catching up on replies & questions from Friday & just came across this one from you regarding XLF. That support level that the financials closed at on Friday was an important technical level IMO & as of today, we smashed down through it impulsively, which is a clearly bearish event. XLF is now approaching the next support area which comes in around 21.30ish, although not as well defined as that T2 (2nd target) level that we closed at on Friday. As the financials are now approaching another support level after hitting & exceeding both of the price targets that I listed on the unofficial trade idea on XLF, I’d be more apt to cover (if you shorted when the setup was posted) that to add to a short position here.

So you are favoring a bounce early next week in XLF and the indexes?