I figured I'd make the case for a breakdown in XLF since some of you were worried about the rally they had yesterday ! Let me be clear on XLF. In the previous symmetrical triangle (A) you can see how pathetic the volume was on the dowside (B). The outcome was a break to upside back to the 200 day mov avg. What is different now , although we have the same exact symmetrical triangle, is that the volume on the downside is huge (B'). Ultimately this tape is going to breakout of this triangle (A') on the downside. The low volume snap back rally XLF has had yesterday is still within the symmetrical triangle (A'). No worries here ! The target is near $13.80. SKF,FAZ and SEF should do well in coming days !