The recent selling volume of XLF is surpassed only by the COVID lows of 3/20 (purple circles). XLF currently is showing a little flag at a Gann confluence point (right yellow circle) and at a pivot point from pre-COVID (left yellow circle). RSI trend is negative, although it has retraced off an RSI(12) oversold level. If XLF falls from here, it will have formed a bull trap off the current flag. XLF needs some help to recover from here.