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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.

Banking Index Daily Chart

 

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