inpeace,
In my opinion XLF is going down. BAC's profit meant nothing
to investors and now the pull back is starting. And like you said XLF
tested the 10.10 resistance and went below it. I see another big
opportunity tomorrow for FAZ,
the 3x leveraged EFT for shorts on financials. xlf ended with 9.87
today and went down to 9.80 in after hours. I easily see it going below
9.75 and because of the gap, even 9.25 in the near future. Lets just hope I am
right.

Note the 10 and 20 day MA are pointing towards a downtrend.