In today’s trading, the financial ETF, the Financial SEL SPDR, fell through the critical 50 day moving average. The XLF is presently at $14.27. From early March to the middle of October, the ETF surged from under $6 to under $16. A 50% correction during this incredible run suggests the XLF can correct back to $11. The 200 day moving average is at $11.75. Above these levels, support for XLF lie at $13.75, $13 and $12. Causing the downward pressure on the financial sector are worries that the economic recovery has yet to take hold and possible legislation that could allow the federal government to wind down “Too Big To Fail” banks.