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XLF at key level - watch for bounce?

SPDR Select Sector Fund - Financial (AMEX:XLF)  
WVS_Stockscreen  
AMEX:XLF   SPDR Select Sector Fund - Financial
Chart Patterns Wave Analysis Technical Indicators
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chartpattern waveanalysis indicator
XLF (Financials ETF) at a key level around 23.....long term trendline from 2011 (note RSI also at lows last seen 2011) and also within 4% of the Dec 2018 spike low support.
With the FED expected to slash and burn rates next week the worst of the decline for banks etc may be "in the price" and may see a bounce (short term) at least
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