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SPDR S&P Regional Banking ETF
Short
Updated

KRE: Adios Amigos

284
Not the time to be long. Head & shoulders pattern with open gaps to fill below. No remaining support.
Note
Wouldn't start scaling in till sub-40
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Good time to start building your position now that KRE is $36 in pre-market trading
Note
I think this rally has legs to get to low-50s before we begin another leg down. EPS estimates are still too high across the sector.
TomDaSpankEngine
banksbankstocksElliott WaveFibonacciKREregionalbanksregionalusbanksSupport and Resistance

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banksbankstocksElliott WaveFibonacciKREregionalbanksregionalusbanksSupport and Resistance
TomDaSpankEngine

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.