Tuesday, May 17, 2016

Bank Watch

This is the craziest party that could ever be
Don't turn out the light 'cause I don't want to see
--Three Dog Night

Keeping an eye on the bank index here. Downward pressure against the near-term uptrend line and on the 50 day moving avg.

Would be prone to interpret a decisive break thru support as a bearish tell.

position in SPX

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