KBW – January 6, 2025

Need to watch the KBW here … take note of the two levels below which represent “gap support.” As long as KBW stays above these two support zones (expect the first to give away) then we are good to go …the BIG gap support is the key for me. That “should” hold if we are still very bullish …just because we lose it doesn’t mean the insanity of the “top of all ages” and “blah blah blah” is here. No, if you’ve been following this blog we’ve expected this level to be resistance for the equities …

As you have heard me say before – banks / financials lead us UP and they lead us DOWN.

Don’t get confused w/ the ‘arrows’ on the chart – they are “measured moves” and they are the harmony that causes the market to bounce around …

KEEP AN EYE ON KBW and the Banks/Financials … this SELL PATTERN on KBW has hit and has held.

Last, apologize for missing this SELL PATTERN – I simply had not looked at the KBW in a while and not until today.

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. View all posts by BART