US Regional Banks: Is the Worst Over?📝The KBW NASDAQ REGIONAL BANKING INDEX is a stock index composed of regional US banks operating in one or several geographic regions of the country. These banks tend to be smaller in size than the large national banks, and generally offer banking services to businesses and individuals in their areas of operation.
Index performance is affected by a number of factors, including the health of the regional economy in which these banks operate, interest rates and regulatory policies that affect the banking industry.
📈 Looking in parallel with the S&P500 index, we see that it anticipated the 2008 crisis.
Now KBW is in a decisive region, at the same level as before that crisis.
The resistance and support levels that delimit this region are in green and red, respectively.
Whether it will rise or fall, I don't know...
For now I'm just stating this fact.
What I can say is that if the index breaks below the red dotted line, it will be an indication that the banking sector could experience more turmoil.
Kbw
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
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
KBW (US Bank Index) - 70% Countercyclical Short Trade? UhohHey traders,
I won't comment on this one and will just let the data and idea speak for itself. IF this happens its going to be a very painful period for many on the lower-bound of income generation who rely on credit creation to make ends meet. Please consider philanthropic endeavours from any capital made on this trade. Godspeed.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
