Okay folks todays bounce was pretty much expected and I'm going to show you why below. It was a technical bounce and if you were to follow clean channel analysis, like we do over here at askchrishetrades you would have been in the touchdown zone. I am going to show the chart on 4 time frames: Daily, Hourly, 30 min, 15 min. Channel analysis on multiple time frames serves wonders and thats what are #1 goal here. For you the other trader to start learning the new Technical Analysis that is keeping us ahead of the avg trader. TUNE IN TO ASKCHRISHETRADES.BLOGSPOT.COM MORE OFTEN FOR YOU KEY CHANNEL ANALYSIS STOCK PICKS.
NOTE: A break above 11.33 Will have my bias changed more towards the upside on XLF
Daily ( CLOSE UP )

Hourly

30 min( Previously posted ) Head and shoulders needs to be corrected

15 min
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