So Goes the Banks, So Goes the Broad Market? Well… this is not a perfect analogy, yet more often than not, what banks do (strong or weak) does seem to have an important impact on the broad markets.

The above 3-pack reflects that Bank of America, JP Morgan and Goldman Sachs have all broken below 2-year rising support lines, while the broad markets have not.

The Power of the Pattern would suggest to keep a close eye on these key financial stocks to see if any further weakness takes place and if it starts to impact the S&P 500. 

Premium members established positions in the Financial industry due to support breaks and weakness in this sector. 

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