Is the Banking Index on Solid Ground?
Last Friday, the Banking Index closed at 67.50 with the C-RSI at a Caution level of +2.07.
The Accelerator had a very small up tick. The Timing Indicator was in positive territory with an up tick that still showed technical upside trending.
The Banking Index was in a high risk up condition. Please note that risk levels are very high and a possible Danger lurks, so please hedge any positions.