A quick look at the BKX Bank Index reveals notable support at the $52 level.  A break below could quickly move the index towards the $49 level, which also happens to be the 200 day moving average (red line).  How do the component stocks of the BKX look?  JPM albeit still longer term bullish now has a similar topping pattern in place as the index.   Ditto BAC, USB, and many others.  GS looks weak and tired too, but note it is not a component of BKX.  

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