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Monday's Update

Monday, October 20th. - Stock Trends, Charts, and Commentary 
                           (***If you see last week's Monday Update do a refresh: Click Here

Today's chart is a Point & Figure chart of the Banking Index. 

When looking at this chart, note the recent support line break ... a support line that has been in effect since 2012. 

If there is another concern, it would be that the Banking Index has been stalling at its 50% Fibonacci level.  While the Banking Index could find its way up again, the support line breach has weakened the up trending of the Index, so Caution is a good attitude now.

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