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BKX

$KRE Testing Double TopTechnical Analysis for AMEX:KRE Testing Double Top and 150 day moving average. Banks are nearing a resistance level. The KBW Bank Index (BKX) and the SPDR S&P Regional Banking ETF (KRE) have both been on a strong upward trend in recent weeks, but they are now approaching their respective 150-day moving averages. These moving averages are important technical indicators, and they often act as resistance levels. If the BKX and KRE break above their 150-day moving averages, they could continue to move higher. However, if they fail to break above these levels, they could pull back and consolidate. For those with quick profits, it may be a good idea to take the money and run. The risk of a pullback is increasing as the BKX and KRE approach their 150-day moving averages. The circumstance at present for each (the BKX and KRE) can be characterized as “a rally to a difficult level where overhead supply comes into play”. This means that there is a lot of selling pressure at these levels, and it could be difficult for the BKX and KRE to break through. If you are still bullish on banks, I would recommend waiting for a pullback before buying. This would give you a better entry point and reduce your risk.
AMEX:KRE
by AlgoTradeAlert
1
KBW Nasdaq Bank Index The KBW Nasdaq Bank Index ( BKX ) is a benchmark index that tracks the performance of leading US-based bank companies. The components of the BKX index as of my knowledge: Bank of America Bank of NY Mellon Capital One Financial Citigroup Comerica Commerce Bancshares Cullen/Frost Bankers Fifth Third Huntington Bancshares JPMorgan KeyCorp M&T Bank Northern Trust PNC Financial Regions Financial State Street Truist Financial Corp U.S. Bancorp Wells Fargo&Co Zions Since price has lost the 94,94 key support the same level is now Resistance... My chart shows 3 Scenarios: 1. The 'Good Scenario' shows dip of around 10% and rebound at 79-80$ 2. The 'Most Likely Scenario' would be a test and rebound from 70,56$ (dual key support area around 25% lower) 3. The 'Bad Scenario' would be the revisit of 2008 crisis lows (early 2009 aftermath lows at 20 with 32 also offering a massive support level as well as potentially a huge opportunity for investors to buy in/or back in. There is a doomsday 4th scenario for those who like to 'look for it'. Will also post next a mini-chart on smaller timeframe. One Love, the FXPROFESSOR
BShort
by FX_Professor
KBW Nasdaq Bank Index - 3 Scenarios The KBW Nasdaq Bank Index (BKX) is a benchmark index that tracks the performance of leading US-based bank companies. The components of the BKX index as of my knowledge: Bank of America Bank of NY Mellon Capital One Financial Citigroup Comerica Commerce Bancshares Cullen/Frost Bankers Fifth Third Huntington Bancshares JPMorgan KeyCorp M&T Bank Northern Trust PNC Financial Regions Financial State Street Truist Financial Corp U.S. Bancorp Wells Fargo&Co Zions Since price has lost the 94,94 key support the same level is now Resistance... My chart shows 3 Scenarios: 1. The 'Good Scenario' shows dip of around 10% and rebound at 79-80$ 2. The 'Most Likely Scenario' would be a test and rebound from 70,56$ (dual key support area around 25% lower) 3. The 'Bad Scenario' would be the revisit of 2008 crisis lows (early 2009 aftermath lows at 20 with 32 also offering a massive support level as well as potentially a huge opportunity for investors to buy in/or back in. There is a doomsday 4th scenario for those who like to 'look for it'. Will also post next a mini-chart on smaller timeframe: One Love, the FXPROFESSOR
BShort
by FX_Professor
Wilshire 4500- You are not in the crystal ball businessWhat a crazy time we are in. 5 months ago, all was gloom and doom. Last month, almost every asset class was up except USD. SP500 has been above 3200 for one month and Nasdaq has been hitting ATH for 3 straight months. How do you explain this market irrationality? One possible reason is that pension, endowment funds and investors are forced to invest in equity market in the ultra low-interest environment. According to AAII (American association of individual investors) asset allocation's survey in July, 33.6% is invested in stock funds and 28.6% is invested in stocks. Only 3.4% is invested in bonds. According to Nomura, growth stocks have been outperforming value stocks for the last 15 years . Investor's penchant for fast growth and high valuation stocks lead to more velocity and volatility. According to Chris Irons of QTR research, holding period for stock has been steadily dropping over the past two decades. In the last two months, the stock holding period has gone down from 8 and half months to 5 and half months. In the current environment, market is flooded with high momentum stocks and the lure of chasing the rainbow is driving the increasingly common day trading mentality. Such volatile atmosphere typically leads to more FOMO behaviors. It makes even more sense if you factor in the wide availability of zero commission and fractional trading. Positive vaccine news may have also lifted the investor sentiment and contributed to the irrational exuberance. Has the market factored in all the bad news as it was mostly immune to the record-shattering bad GDP and resurgence of Covid-19 cases in July? Despite the poor GDP #, most other economic indicators actually improved including the ones I showed in the chart. Stock market momentum may stall, or it may even crash in the near future. However, at this point, I believe it will take extraordinary events such as hyperinflation, weakening of dollar (lose of reserve status), sovereign debt crisis, massive eviction or consumer debt default to go back to March low. With programs like PPE and massive QE to infinity in place, FED will ensure that interest rate remains low and continue to bail out zombie company in order to keep unemployment lvl artificially low. Thanks for reading through my analysis. Please follow me and click like. Much appreciated.
W
by Libratus
Bankex Retrace Over? Quick Chart UpdateBKXBTC (Bankex) retraced and hit the 0.786 Fib. retracement support for the last breakout... The retrace can easily end here. All the signals are telling me that bulls are in full control of the BKXBTC chart. All that is left is patience while the chart develops. Remember to have a plan if you decide to trade. Feel free to leave us a comment if you want to share some news about this project. Any and all information is highly appreciated. Namaste.
BLong
by AlanSantana
3
Bankex Aims At MA200 For 77% JumpBKXBTC (Bankex) remains bullish with prices trading above EMA10 and EMA50. A fast retrace took place and the charts look like prices can easily continue moving up. We will aim at MA200 at 0.00000057 for 77% of potential profits. If prices drop we remain bullish and expect a bounce. We always secure profits once we hit our target. This is not financial advice. Always remember to build a plan/strategy BEFORE you decide to trade. Thanks a lot for reading. Namaste.
B
by AlanSantana
3 Simple Signals 4 Bankex (BKX)Yesterday, BKXBTC (Bankex) challenged EMA10 on increasing volume and peaked at 26 satoshis... At the same time, bullish divergence is being printed on both MACD and RSI... This is a friendly reminder that BKXBTC is getting ready to move. A new low was also hit yesterday which makes things easy for trading. - You can set a stop loss at 20 satoshis... Any close weekly below 20 satoshis and we look bearish. + If prices for BKXBTC can conquer 23 satoshis (0.00000023), move and close above this level on the daily timeframe, then we are very likely to see Bankex moving higher. The 3 simple signals for Bankex are as follow 1) Increasing volume. 2) Bullish divergence. 3) EMA10 challenged after a new low hit. This can tell us that new action is about to start soon. Thanks a lot for reading. Namaste.
BLong
by AlanSantana
Bankex Looks Better Than Before | 222% - 360%+ PossibleThe setup that we looked at for Bankex (BKXBTC) in early January is still valid today. The chart looks even better now, a bullish candlestick is being printed and volume is starting to grow. Here the full chart: And also on the weekly timeframe: Our strategy simplified 1) Buy and hold... 2) Set your sell orders on target and wait patiently... 3) Collect profits... That's all. With patience, you win. Patience is the key here. Namaste.
BLong
by AlanSantana
Bankex Conquers The First Barrier | Last Call For 222%Bankex (BKXBTC) just took out two important resistance points. (1) Is EMA10 which is being conquered today. (2) The dotted grey trendline is also being conquered right now. Both of these are early signals and are confirmed only once today's candle closes. If prices close above EMA10 the signals are confirmed. If prices close below EMA10, the above signals are invalidated. This setup that you are looking at right now can easily produce 65% in gains by hitting the 1 Fib. extension marked on the chart... Easily. Further, 120% to 222%+ is also possible in a matter of weeks. This is not financial advice. Remember to have a plan before you trade. Thanks a lot for reading. This is Alan Masters. Namaste.
BLong
by AlanSantana
3
Bankex Prepares For Another Boom, This Time Easy 200%+We have been looking at Bankex (BKXBTC) and successfully caught multiple bullish waves before the breakout, collecting great profits... Even though there aren't that many signals on this chart, no strong bullish signals right now, I believe that another wave is coming that can easily produce 100% or even 200%+ of gains for Bankex. In the next few days, we will see an attempt to break EMA10 (57 satoshis). If this break is successful, we can see BKXBTC grows above EMA50 and higher. If this attempt fails, we will be looking at retesting 44 satoshis before the next move up. This is just one potential scenario... It can easily playout if the red dotted line is conquered. Previous chart: Long-term chart (BKXBTC Weekly): Thanks a lot for reading. Remember to hit LIKE. Namaste.
BLong
by AlanSantana
1
Bank Stocks: Bullish breakout. Strong long-term Buy Opportunity.BKX (Nasdaq bank index) has just broken above the Lower High trend line (dashed lines) of the 1W bearish (pull back) leg within the greater pattern of the multi year Channel Up since 2012. The technicals have turned bullish on 1W (RSI = 59.797, MACD = 1.140, Highs/Lows = 5.1079) and even the RSI is on identical levels with the last time a similar break out took place in 2016. We are expecting a fairly similar bullish break out on the long term towards 140.00 - 149.80 (Target Zone). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BLong
by InvestingScope