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.