KBE - S %& P Small Bank ETF LONG
Updated
KBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy
signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by
the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back
into the high-volume area and bounced. It has recovered from a VWAP band breakdown
correcting from the 3rd upper band to the first upper band. The dual time RSI indicator
shows the faster RSI line crossing over the slower RSI line and both in the healthy 60 range.
I see this as a buying opportunity on KBE and will also take a look at DPST. I see price as
targeting the February 23 high about 20% upside.
signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by
the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back
into the high-volume area and bounced. It has recovered from a VWAP band breakdown
correcting from the 3rd upper band to the first upper band. The dual time RSI indicator
shows the faster RSI line crossing over the slower RSI line and both in the healthy 60 range.
I see this as a buying opportunity on KBE and will also take a look at DPST. I see price as
targeting the February 23 high about 20% upside.
Trade active
Holding full position awaiting federal news updates.
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