Here is the S&P fund, symbol KBE, representing the bank sector. It is extraordinarily overbought.
Specifically, there is a powerful trendline dating to the March 2009 bottom which is persistently repelled this instrument.
Banks Ready to Reverse
Here is the S&P fund, symbol KBE, representing the bank sector. It is extraordinarily overbought.
Specifically, there is a powerful trendline dating to the March 2009 bottom which is persistently repelled this instrument.