XLF

15.55 was our short term upside price target

However, XLF continues on a short term buy signal as long as there is no close below 14.45

For now, we have no higher upside

Weekly cycles show only a good low around Dec 24

Therefore, it is risky to be long XLF

SMH

SMH did break out

First upside target around 34.60

Short term we could see some weakness on a close below 30

Long term investors should take half of the XLF off at the market