Banks Sell Off Into Earnings

$XLF

The banks start reporting over the next couple of weeks, but the XLF 0.00%↑ is breaking down in advance. The sector is a non-touch for me, below key moving averages and AVWAP’s. The AVWAP below today’s price has been an area of activity and its probably worth watching to see if the banks get down there into the print, and what happens from there.