Finished structures pt 2

From CNBC:

BOTTOM LINE: A number of indices and sub-indices, as well as individual names have likely finished building upward structures. As mentioned yesterday, at this stage I would be very surprised if any more sustained upside were to materialise.

Below is a daily chart of the Financial Sector ETF (XLF) in the United States. This ETF includes companies like JPMorgan, Bank of America and Wells Fargo. From May 2009, successive new highs were made against bearish divergences on momentum indicators (MACD at the bottom of the chart). This suggests that the sector is ready to move lower. My confidence in this call is very high.