Are Banks and Financials Sniffing a Turn in Rates, or a Resumption of the Trump Deregulation Trade?
A Point & Figure view of the upside breakout in the SPDR S&P Regional Banking ETF (KRE).
Some of you dislike P&F charts, or prefer bar or candlestick views of price action. I understand that, but in my experience, the more views I have of a particular technical set-up, the more information I glean from price action, its risks, and its upside potential.
KRE has charged above serious resistance at 52.90 and at 53.70, which triggers upside potential into the 56.00 area over time.