tap, tap, tap… XLF first hit T1 last monday and continued to tap on that support level all week.  although support is support until broken, more often than not when you see a stock tapping on support so closely with very little conviction on the bounces, that support usually ends up giving way.  XLF is still an active trade but one could also use a break below T1 as a new short entry or trigger to add-on to an existing position.  daily charts in reverse order with most recent first: