More Head & Shoulders than a shampoo commercial !

Panjang

SPDR Select Sector Fund - Financial (AMEX:XLF)

AMEX:XLF SPDR Select Sector Fund - Financial

indicator

I normally don't trade off lower time frames. I occasionally chart on the 1 hour, mostly make decisions off the daily and 4hour. Today I happened to focus in on the 5 minute chart and saw what looked like a Inverse H&S forming on XLF.

Then started tracking backwards and it looks like the whole PA has been one series of HS and IHS patterns since the correction in March.

The current one is not complete but would signal a breakout

Penafian

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