The Inevitable Rollover

Financials look poised to take another step lower here. While the XLF is currently near support at 20.28, the action at that level is not lively at all and support is likely to give way. The mood is negative despite FNM and FRE moving higher. Even oil is down slightly. Overall, I'd look for down 50 max on Nazz, down 250 max on DJIA and probably flat lining into the close.