Heres why Financials and banks HAVE to rally this week
This looks to me like the last stop down into the last of this 20 day cycle. Financials are playing with fire dipping so low.
The lows of last week should not be violated to remain plus 1 to 2 cycle strength for two more days
54 month Down
80 week Down
40 week Up
20 week Up
80 day Up
40 day Down
20 day Up
Its getting too bearish it has to bounce or this sector is in jeopardy to falling.
No additional rally to the 40 day peak is a bad sign for the market.
$jpm $c $gs #banks