S&P 500 ETFs in ‘Orderly Crash’ | Page 2 of 2 | ETF Trends

Financial ETFs were among the hardest-hit sector funds on Wednesday as Citigroup (NYSE: C) and Bank of America (NYSE: BAC) both dropped over 5%. [Financial ETFs Slip]

The technical analyst sees Financial Select Sector SPDR Fund (NYSEArca: XLF) confirming a long-term bearish “double top” pattern.

Full disclosure: Tom Lydon’s clients own SPY.