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The “Power of the Pattern” suggested to follow a breakout in the Regional Banks ETF (KRE) a few weeks ago (see post here). Now a few financial ETF’s are breaking resistance as well as the Homebuilders ETF (XHB).
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This chart above was sent to premium members yesterday, which show that regional bank ETF (KRE) has been reflecting relative strength of late and with XLF breaking a key resistance line, odds increase XLF will reflect relative strength over the broad market as well.
