A healthy banking system is the hallmark of a growing economy.
So when back stocks turn “south”, investors should tune in.
Like the broader stock market indices, the Bank Index crashed in March before bouncing back into April.
That bounce has the Bank Index testing triple resistance at (1).
This area is market several trend and channel lines, all meeting up here!
Bulls are hoping for a breakout… what happens here is clearly important to the broader market. Stay tuned!
BKX Bank Index “monthly” Chart
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