Large and regional banks have struggled this year as both have declined nearly 15% in 2018. These declines have taken place as interest rates have been moving higher, which is historically positive for banks.
The declines in Regional Bank ETF (NYSE:KRE) has it testing 7-year rising support as well as the 2007 highs at (1).
What KRE does at (1) will send an important message to the banking industry and the broad markets.
Keep a close eye on KRE in the weeks ahead as it eyes an important test of support.
Read more at : https://www.investing.com/analysis/keep-an-eye-on-the-regional-banks-200367828
