The massive financials analog continues to play out beautifully. We may see a little strength (or not) after all the recent weakness, but I think the die is cast. The financials, by way of XLF below, should ideally stay below 27.08 from here on out.
If we look at the bigger picture, without the noise or drawn objects or price bars, I think you can picture the “you are here” moment somewhat better. XLF is by far my largest options position, as I am loaded up with January 2019 in-the-money puts on them.
