SPDR Select Sector Fund - Financial

Short

The Banks

Updated

Some interesting developments in the bank etfs today - XLF and KRE, worth watching on both a weekly and daily basis. Long term JPM looks like a head and shoulders may be forming.

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TYX chart, looking ready to break up and out

Yields back to their highs - and probably higher

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KRE backtest of bearflag

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30yr yields coming down to test the breakout area, still might take a few days to test that area. I still think higher is likely.

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TYX in the target zone

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banks XLF at resistance zone. JPM has earnings friday

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potential reversal candle on XLF, watch the dollar as well.

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potential reversal candle on JPM.

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yields

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KRE regional are breaking down

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any bounce to the trendline is an objective short, no guarantee they get that high.

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KRE trendline rejection.

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