Banks Creating Pattern Similar To 2007 Highs?
by Kimble Charting CLICK ON CHART TO ENLARGE The left chart above looks at the Bank Index (BKX) over the past 13-years. In 2007, the index diverged with the broad market as it was creating a bearish descending triangle. Once support of the descending triangle broke, selling pressure ramped up. This pattern took place while “interest rates were actually moving … Read more