Financial Sector which is tracked by its ETF ( XLF ) was leading from last year with +30% gains but it’s been down since last month ! Why?
It’s just another technical area for for XLF where it’s finding resistance from both the 61.8 Fib ext & 100 fib ext of the lows from 2009 & 2015 and the pullback was expected no matter what happens next and adding to that the upper line of the channel.

XLF Chart Showing the Inflection area : https://i.gyazo.com/9a339a67b149da153093ed65d7499e22.png

January article describing the potential pullback area around 25 area : https://elliottwave-forecast.com/stock-market/top-financial-companies/

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