Is The Banking Index Getting into Trouble?
Today's chart is an important update of our 12 year Banking Index chart.
Last week, the Banking Index broke its support line, along with the 11 month RSI breaking its support line as well. The only worse thing the 11 months Relative Strength can do now is to fall below the 50 level with would be a real negative for the banking index and the stock market in general. Risk levels are now VERY high.