** Since peaking in early Sept, Financial Select Sector SPDRFund eroding back to its early Aug breakout point.Should then snap higher, else threaten failed advance, refocuson major support
** Financials, only S&P 500 sector in the redsince day before Fed's Sep 21 inaction; off 1.3 pct
** Meanwhile, broken out REITs best performer, 3.5pct gain
** Financials also buffeted by Wells Fargo 12 pctSept slide, and Deutsche Bank's new lows
** XLF has support in the $18.94/$81.61 area including its200-DMA; from here, ETF needs to stabilize, resume advance.Chart: http://tmsnrt.rs/2d0XslW
** Falling under 200-DMA can confirm failed push, put focusback on $17.31 post-Brexit low, as well as major support linefrom 2009 (now $16.75)
** On a rally, taking out $20.01 can see XLF challenge keyresistance at summer 2015 peak, and 61.8 pct Fibo retracement of2007/2009 bear market ($20.81/$20.97)
** Despite XLF's pullback, spread vs iShares EuropeanFinancials ETF still within rising channel from early2014; can see eventual widening toward $5.00
** Largest XLF holdings by pct TNA end-Aug include:Berkshire Hathaway, JPMorgan Chase and WellsFargo
** HSBC Holdings, Banco Santander, andAllianz SE among top EUFN holdings