Regional Bank ETF (IAT) finds itself on support for the fourth time in the past 6 months, yet the pattern formation suggests support will break.

Game plan below….

 

 

Plan A…. Buy on support right now, with line (3) plus 3% as the stop.

Plan B… If support is taken out and you want to score on defense, this is the place to enter those positions.

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past