Tuesday, May 3rd. - Stock Trends, Charts, and Commentary (*** If you see last week's Tuesday Update: Click Here)
The Banking Index closed at 69.70 with the C-RSI at a Positive level of +7.65. The CRSI remained above its 9 month resistance line.
When you go back to last July and observe the highs and the lows you will see that the Banking index made lower/highs and lower/lows ... That describes a down trend, so caution is a good idea as we approach the 9+ month price channel resistance line.
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