12/16/2018 – the banks lead us up and they lead us down. note the polarity shown in/around 84. Also, we have 4 ratios coming in around 79-80. Then we have the 76 polarity level. my ‘expectation’ is that these levels hold for support on the banks which breathes some life into stocks.
also, note the RSI. Yes, we are oversold, but not to the very extreme levels yet so would expect 1/ another push into the dashed red line area and, perhaps, a bullish divergence. Would be nice to have this happen in the areas shown.
Believe it’s too early to call any bottom or a the size of this ‘top’ for now so hold em’ if you got em.