Browse Symbol Stacks: IEF: bkx.spx
Time for Banks to bounce? Could be because it's time for T Bonds to drop.
XLF and BANK say banking stocks still have lower to go
XLF made a lower low to Dec. Very bearish. BKX is bearish too, but can bounce to the trend channel top. We'll know soon. Banks would like L/T bonds to top out.
Given how bond futs traded on Friday, you could be correct