Bearish Potential for Banks

I use this index to monitor the U.S. banking sector

A solid break below 101.39 would suggest retest of 89.13.
Alternatively, we can also count pink wave 5 as 3, but looking at the Fibonacci relationships between each sub wave, i think this pink labeling is a high confident count.

some interesting facts:

• wave 3 equals to approx 2.618 times the length of wave 1
  
• wave 5 equals to approx 0.618 times the length from the start of wave 1 to the end of wave 3
  
• wave 5 ended near the middle line of the uptrend channel