Banks Breaking Out!

By ridethepig
Updated
With Yields miles ahead of the moves lately we are approaching a major breakout in US banks, a relative breakout here of the downtrend will be significant going into year-end.

Banks Look Cheap vs Utilities


BKX breaking out will be quite a bullish set-up for the overall market:

Sicilian Defence


The major top in USD will help a lot here as we enter into the next chapter in the economic cycle... highly recommend those wanting to further their understand of the macro flows to jump into the Telegram.

All the best.
Comment
We got the breakout...
Trade closed: target reached
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