Can the economy still function normally with the Banks in trouble? That is a good reason to follow the banks, because if they get into trouble, theeconomy won't be far behind.
The Banking Index chart is posted below. It closed at 70.48 with our C-RSI at a good positive level of +7.57 yesterday.
At the same time, the Banking Index was only slightly above its support line, so this is a Test day. The Accelerator was positive with an up tick while the Timing Indicator was in positive territory and showing merged trend lines.