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Do you trust financials to break out here? $XLF

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SPDR Select Sector Fund - Financial (BATS:XLF)  
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BATS:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Parallel Channel Support and Resistance
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trendanalysis parallelchannel supportandresistance
Below I show you a longterm XLF chart that has had a complete rocket higher without any consolidation in price.

In my opinion XLF cannot break out here without some consolidation back down in price; and then maybe it can retest and breakout; but I don't think it can do it on the initial attempt...

I may be wrong, but you can place your bets accordingly.

Goodluck!
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Komen:
I think it's so funny that no one liked/commented on this post but it was plain as day..
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