Regional Banks About To Send Important Message!

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by Chris Kimble

Large and Regional banks have struggled this year, as both indices have declined nearly 15% in 2018.  These declines have taken place as interest rates have been moving higher, which historically is positive for banks.

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The declines of late in Regional Bank ETF (KRE) has it testing 7-year rising support as well as the 2007 highs at (1).

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The Power of the Pattern is of the opinion, what KRE does at (1), will send an important message to the banking industry and the broad markets.

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Keep a close eye on KRE in the weeks ahead friends, this looks to be an important test of support!



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