FAZtastic! Shorting Financials

Financial stocks appear to be breaking down to me.  The XLF is showing 6 touches on the bottom side of its consolidation, while only three touches along the top side.

FAZ is a triple inverse ETF for the financial sector.  It is retesting a support area which should make for a good entry point.  Any strong break with volume below this support area, or a strong break above resistance of the trendline on the XLF chart above would constitute areas to bale from this trade.  I bought 550 shares of FAZ at $18.54.