Banks Ready To Reverse

Here is the S&P fund, symbol KBE, representing the bank sector. It is extraordinarily overbought.

SPDR® S&P Bank ETF

Specifically, there is a powerful trendline dating to the March 2009 bottom, which is persistently repelled this instrument.

SPDR® S&P Bank ETF Trendline

Read more at : https://www.investing.com/analysis/banks-ready-to-reverse-200492572