Despite the feds continuing to say they won’t be cutting rates much or anytime soon , which lower rates is better for the banks, and many other interest rate sensative stocks, the KRE in my veiw is gearing up for a big move up.
It’s slamming its head against the downtrendinf reistance.
It’s got a double bottom holding up and now consolidating in a pennant right above the W pattern. Bank earning are next week or so and this could be why it’s looking ready, otherwise it’s Becuase the fed might have other plans then they are feeding the markets and the charts are showing ahead of time !!
It’s slamming its head against the downtrendinf reistance.
It’s got a double bottom holding up and now consolidating in a pennant right above the W pattern. Bank earning are next week or so and this could be why it’s looking ready, otherwise it’s Becuase the fed might have other plans then they are feeding the markets and the charts are showing ahead of time !!