Bank Index- About to fall 10%?

Bank Index- About to fall 10%?

CLICK ON CHART TO ENLARGE The above chart looks at the Bank Index (BKX) over the past 11-years. At this time the “trend on banks remains Up!” This very important index peaked in 2007 at (1), before breaking support and then falling hard for the next couple...
Banks-Bulls do not want them to peak here!

Banks-Bulls do not want them to peak here!

CLICK ON CHART TO ENLARGE The chart above looks at the Bank Index over the past 13-years. In 2007 at (1), the index created a topping pattern, prior to the financial crisis and its 80% decline over the next couple of years. The rally in banks over the past 7-years...