Is The Banking Index Getting into Trouble?

By: Marty Chenard | Mon, Oct 13, 2014
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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.

Banking Index Monthly Chart



Marty Chenard

Author: Marty Chenard

Marty Chenard
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Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker. is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

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