Deep retest of Monday's low or another tease? Technically I have lots of indicators telling me it is the former and that the Financial Selecct SPDR (AMEX: XLF) is now in the early stages of revisiting Monday's high at 25.91 on the way to 26.50 thereafter.

By Mike Paulenoff

Mike Paulenoff is author of the MPTrader.com (www.mptrader.com) , a real-time diary of Mike Paulenoff's trading ideas and technical chart analysis of Exchange Traded Funds (ETFs) that track equity indices, metals, energy commodities, currencies, Treasuries, and other markets. It is for traders with a 3-30 day time horizon, who use the service for guidance on both specific trades as well as general market direction

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