US Banks & Financial Sectors are ready for another fabulous riseNasdaq Banks
The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations.
Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern.
However, once the pattern broke downwards, the bank index experienced a significant dec
NASDAQ BANK INDEX ready to reverse ? LONGBANK is tracking bank stocks within the NASDAQ. I cannot find if it is market cap weighted or
instead an unweighted composite I wanted to check this out to see if the banking sector might
reverse and perhaps have some trade candidates based on relative strength or even
rising trading volumes.
Nasdaq Bank Index: Putting A Bad Hair Day Into PerspectiveElon Musk still sees danger ahead for the US economy if the Fed does not contain the regional banking crisis.
Financial blog Zero Hedge previously tweeted about the critical role of small and medium-sized banks in the US financial system — a hot topic following the sharp collapse this month of Sili
NASDAQ Bank Weekly ChartNASDAQ Bank's market behavior is currently unfolding within the context of a cyclic wave pattern, specifically in its fourth wave. This cyclic wave pattern is a representation of the bank's price movements over time, and it is comprised of various phases that can be broken down for analysis.
Starti
The banks look like they're about to break. We're now exactly one year on from the day we posted a collection of TA setups that implied we were due to see turmoil in the banking sector.
Now, a year later, we look set to see the index breaking the 161. And we also have all the narratives catching up to support it.
Here's a list of the 202
NQ BANK - Unicorns of Silly ValleyHmmm... 4100 just couldn't hold... 4104to be exact.
Try as they might these Junk Banks are laden with Toxic trash.
Chocked full of Nutters.
_______________________________________________________
Regulators gave them a pass - heavily easing reporting of these
Junk Banks, since data only needed
NQ BANK - Gap to GapWhich one fills first with Financials reporting beginning next week.
This Index will act as support for the RTY and ES in the Short Run.
It is not providing much but is the broadest base of reference for the ES & RTY.
The upper Gap should fill 1st.
AO remains in recovery mode for now.
_________
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
