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Is XLF on a downtrend?

Short
SPDR Select Sector Fund - Financial (AMEX:XLF)  
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AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Harmonic Patterns Chart Patterns SPDR S&P 500 ETF (SPY) QQQ XBI XLF
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trendanalysis harmonicpatterns chartpattern spy qqq xbi xlf
I believe that XLF has potential to touch $32.34 if it breaks $34 and may even retrace back to $30.20. Have patience and wait for it to break 20dma. Huge potential for profits from puts. It may happen in next week or two. Not a financial advice and as always please do your own DD.
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