AMEX:XLF SPDR Select Sector Fund - Financial
Looking at the near term indicators, the stands out the most for me. On a , the daily is not overbought, but the shows some overbought action. My only worry this week would be if banks don't do well, which might be pretty difficult, that XLF might find itself double topping at these levels and starting a corrective wave. I'm looking at a breakout over 35.28 and holding to confirm a fifth wave above these levels. I've indentified key levels at the pink horizontal lines pointed on the chart.