The Regional Banks Could/Should be a Key Indicator Going Forward
- Bitcoin’s big decline yesterday will only raise concerns in our minds if we see more outsized declines like that soon. Otherwise, we’ll see it as merely a normal and healthy pullback after it very strong rally in recent weeks.
- The KRE regional bank ETF is testing a VERY important resistance level right now. However, it has also reached a very overbought condition. There are several reasons to think that whether this ETF can break above its summer highs…or rolls back over…will be very important for the broad stock market in the coming days/weeks.
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