it's an if and when trade…i.e. a close above $7.50 would get us long for a bucket 2 trade.  bank indices like the BKX and XLF are above resistance points and still acting well enough to continue this push higher after a pause.

first note the 2011 downtrend that is for the very moment still holding as resistance (blue line).  

in the second chart we note the horizontal resistance more clearly…

Share Button