I think we can get a retracement in the financial sector, and Europe is in worse shape than the US in general. It wouldn't surprise me to have some negative news pop out, surrounding Italy's referendum, Deutsche Bank, Italian Banks, UK banks, Brexit, etc. Quite a few potential catalysts for volatility
, so, if we see this ETF
break the linear regression
channel support, we will probably see a rapid selloff.
Keep your eyes open, it might be safer to stand aside, and book succesful long trades, or maybe even take a couple strategic shorts.