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Bank action doesn’t smell the best of late. SPY, FXI and EEM remain on key support at this time. Are banks sending a key signal? They did start the weakness a few years ago and they might be again.
Game plan…..Support remains in place. Looks like if one support line breaks, they almost all would! Biggest weakness right now with the Dollar rally is in the international arena……See how important the situation in China is! (see post here)