He shorted financials expecting weakness when semis bounced but was stopped out as bulls held well; the open question is whether XLF sets a weekly lower high.

XLF shows bearish ratio divergence and a lower high is the most likely scenario, though the fund itself holding sideways while semis rally favors broader bulls.

The host discloses shorting XLF at 56.28 as a hedge against his remaining long, betting on a weekly lower high via a 4-hour head and shoulders with semis rotating stronger, targeting the 54s.

Financials remain in a daily uptrend with anything above 55.03 a higher low, but the host has trimmed and is watching for a 4-hour head and shoulders signaling a weekly lower high.