KBW Nasdaq Bank IndexAggiornato US BANK INDEX - 15% Countercyclical Trade?
The selloff has been fairly steep in this index as we now trading below the descending channel. We are very oversold here, so let's look for a re-entry back into the channel and see if we can hit channel resistance before we get another consolidating sell-off.
Here's the weekly snapshot:
We can see we are close to the EMA200 and will probably need to retest resistance before we break below it.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Here's the weekly snapshot:
We can see we are close to the EMA200 and will probably need to retest resistance before we break below it.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Nota
Back in the channel! Very nice.Nota
OK! At resistance and consolidating now. We should not trade below 96ish.Nota
Ah!Trade chiuso manualmente
Broken support!
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