Dangerous is The Best Way to Explain The Banking Index Now ...
The ($BKX) Banking Index did hold at its rising channel's support line last week. However there is concern for later because the support line was breached for two days before the Banking Index found its way back into the range.
Note that the Banking Index was in a consolidation pattern last week and will breakout in some direction very soon. (Central Bankers remain scared along with Institutional Investors, so be cautious going forward.)