Banking Index Update
The Banking Index closed at 72.55 with the C-RSI at a good positive level of +12.03 The Banking Index was above its support line and its Accelerator was positive with a down tick that created stress. The Timing Indicator was in positive territory merged for a higher stress condition.
The Banking Index was in a high risk up condition that started March 1st.
What's helping? High levels of Inflowing Liquidity have been a plus for the market and have helped mitigate downside movement while recent stress levels have been high.
Our economy needs a strong banking system to keep functioning properly, so it is important to keep the Banking Index on one's radar.