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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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The Banking Index's Big Picture ...

Today we are showing a Point & Figure chart of the Banking Index.

What I would like you to note is the thick blue trend lines from 2007 to now.  That is a triangular formation and it should break out of the converging resistance and support lines very soon.

Here is the issue ...

If it breaks to the upside that should be positive for the markets, but if it breaks to the downside it could be an awful event so please be cautious.

Banking Index Point and Figure Chart

 

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