XLF Financial Sector: Weekly linear: XLF Topping Soon??

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Although the DJIA             and the SPY             keep making new highs, the XLF             hasn't quite made a .618 correction. This in itself would indicate some weakness and indicate that when or if a major bear market develops it may be a big loser. The way I see the price action from the 2009 low to now is a A-B-C correction with the B wave the form of an expanding triangle. Using this concept it forms a good looking (to me) channel. One fairly common relationship is for the C wave to be a fib relationship to A. Commonly C=A, or C=.618x A, or C=1.618x A. Another somewhat common occurrence is for a correction to be a . 618 retracement . Both of these may occur soon at the rectangle labeled C? I will be watching this action the next few weeks for signs of a reversal then go short. Hope this is helpful. Have a great upcoming week.
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