Banks – HUGE support

Banks are very important to the overall health of the market … key support approaching! monitor closely …

blogged about the banks a couple weeks ago here: https://bartscharts.com/2020/09/09/banks-where-are-they/ since then, they have continued to lose strength and now the Banking Index has a very important BUY pattern which should hold and the ratio of the Banks/NYSE Index has key support a little bit lower.

banks lead us up and lead us down so these areas below are KEY to strength of the overall market. bounce here/little lower on the ratio and we should stabilize. if we cut thru these levels w/out a whimper and continue lower then i would expect continued pressure down the line …

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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